“Single-family rent growth should remain in the range of about 2% to 4% for 2024.”
–Molly Boesel, Principal Economist for CoreLogic.
Category: News and Trends
CoreLogic: Single-Family Rental Prices Up 2.8% in December
CoreLogic, Irvine, Calif., found single-family rent growth was consistent with pre-pandemic trends in December, with a 2.8% increase year-over-year.
Bank Multifamily Asset Quality to Deteriorate Amid Higher Refi Rates: Fitch
Fitch Ratings, New York, said it expects banks’ asset-quality metrics to deteriorate for certain U.S. multifamily loans as borrowers will face elevated risks from higher refinancing rates and valuation pressures as loans mature over the next few years.
CBRE Forecasts Hotel RevPAR Growth, Fueled by Higher Rates, Stronger Demand
CBRE Hotels is forecasting hotel revenue per available room will continue to grow steadily this year, driven by improving group business, inbound international travel and traditional transient business demand.
Redfin: Investors Bought Bigger Share of Affordable Homes in Late 2023
Real estate investors bought just over 26% of the low-priced homes that sold in the fourth quarter–the highest share on record, according to Redfin, Seattle.
MISMO Partners with Federal Housing Agencies to Launch New Work Group Focused on Building a New Servicing Data Standard
MISMO, the real estate finance industry’s standards organization, today issued a call for industry professionals to join a new development work group focused on creating a servicing data standard for Federal Housing Agency loans. The Federal Housing Agency Servicing Dataset workgroup effort is powered by Sagent.
Lisa Sun on Rediscovering Your Inner Child’s Confidence at #MBACREF24
SAN DIEGO–Why aren’t we as brave and confident as we were when we were kids?
CREF Policy Update Feb. 22: FHFA Announces Multifamily Property Insurance Symposium
Commercial and multifamily developments and activities from MBA important to your business and our industry.
Chart of the Week: MBA’s CREF Bingo Card
Many of us recently returned from a week in San Diego at MBA’s Commercial Real Estate/Multifamily Finance Convention and Expo, where 2,000-plus CRE mortgage professionals gathered to hear from speakers, discuss policy issues, network, and – most importantly – begin the year’s deal-making in earnest.
Dealmaker: JLL Capital Markets Closes $32M Sale, $25M Financing of Medical Building Portfolio
JLL Capital Markets, Chicago, arranged the $32 million sale and $25 million in financing for an outpatient medical building portfolio totaling 80,315 square feet in Arizona.