MBA: 3Q Commercial/Multifamily Borrowing Declines 13 Percent
Commercial and multifamily mortgage loan originations decreased 13 percent in the third quarter from a year ago, according to the Mortgage Bankers Association’s Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations.
CBRE: Tech Industry Office Leasing Activity Slows, Remains Leading Force
CBRE, Dallas, said the tech industry’s share of U.S. office leasing slipped in first-half 2022 to its lowest figure in five years, though it remains a leading force in the sector.
Homebuyers, Sellers Have Plenty of Market Misconceptions
Amid a volatile and rapidly changing housing market, many homebuyers and home sellers have unrealistic expectations about their prospects, according to a Zillow survey of real estate agents.
Fannie Mae Consumer Survey Falls to Record Low
Fannie Mae, Washington, D.C., said its monthly Home Purchase Sentiment Index fell by 4.1 points in October to 56.7, its eighth consecutive monthly decline and lowest reading since inception of the index in 2011.
MBA Chart of the Week Nov. 4 2022: Mortgage Payment to Rent Ratio
This week’s MBA Chart of the Week examines another metric from our PAPI dataset - the mortgage payment to rent ratio. The orange line relates the median principal and interest payment to the median asking rent, and the blue line relates the 25th percentile mortgage application payment to the median asking rent (that may be a more suitable ratio for first-time homebuyers).
