Jeffrey Weidell, CEO of Northmarq and MBA 2024 COMBOG Chair, Testifies Before the House Committee on Oversight & Accountability’s Health Care & Financial Services Subcommittee
Jeffrey Weidell, CEO of Northmarq and 2024 Mortgage Bankers Association (MBA) COMBOG Chair, testified April 30 at a hearing titled, “Health of the Commercial Real Estate Markets and Removing Regulatory Hurdles to Ensure Continued Strength,” before the House Committee on Oversight & Accountability’s Subcommittee on Health Care & Financial Services.
CREF Policy Update May 2: HUD Increases Floodplain Management Standards
Commercial and multifamily developments and activities from MBA important to your business and our industry.
Zillow: Number of Rent-Burdened Households Significant; BIPOC Renters Most Affected
A new report released by Zillow, Seattle, found that nearly half of U.S. renter households in large metro areas are “rent-burdened.” And, BIPOC renter households are more likely than others to fall into that category.
CMBS Delinquency Rate Increases Moderately
The delinquency rate among KBRA-rated U.S. commercial mortgage-backed securities increased moderately in April to 4.67%, according to KBRA, New York.
Realtor.com Finds Rents Declined in March, Again
Realtor.com, Santa Clara, Calif., found rents declined in March for the eighth straight month, with year-over-year prices down 0.3%.
Auction.com: More Auction Buyers Expect Price, Rent Declines
Auction.com, Irvine, Calif., released its 2024 Buyer Insights Report, highlighting that 40% of buyers buying distressed properties at auction expect home prices to decline in 2024.
Hotel Development Pipeline Reaches Record High
The hotel development pipeline continues to grow, according to data firm Lodging Econometrics, Portsmouth, N.H.
Dealmaker: Cushman & Wakefield Arranges $45.7M for Cleveland Office Property
Cushman & Wakefield, Chicago, arranged acquisition financing totaling $45.75 million for an office tower in Cleveland.
