Commercial and multifamily mortgage loan originations were essentially unchanged in the first quarter compared to a year ago, and decreased 23% from the fourth quarter of 2023, according to the Mortgage Bankers Association’s Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations.

CoreLogic, Irvine, Calif., released its latest Home Price Index, which showed single-family home prices rose by 5.3% year-over-year in March.

The limited availability of desirable land near major job centers is pushing new housing developments further into the suburbs, according to a new report from Zonda, Newport Beach, Calif.