Dismal Lending Year to Turn Up in ‘24

Commercial Property Executive, October 23, 2023–Lew Sichelman
When the dust clears on 2023, lending and borrowing in the commercial real estate market will be roughly half what it was in 2022.

According to the latest baseline forecast from the Mortgage Bankers Association, mortgage activity this year will reach only $442 billion, a 46 percent drop off from $816 billion in the previous year.
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