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Category: News and Trends
CMF Quote of the Week: Oct. 5, 2023
“The growing trend around [office to multifamily] conversions may help to revitalize downtown areas that have been affected by changing workstyles that result in less need for office space.”
–Mike Watts, CBRE President of Investor Leasing.
CREF Policy Update Oct. 5: Congress Passes Stopgap Funding Bill to Avert Government Shutdown
Commercial and multifamily developments and activities from MBA important to your business and our industry.
Allegion Finds Young Multifamily Residents Value Tech, Post-COVID Lifestyle Changes
Allegion U.S., Carmel, Ind., a security products company, released a survey identifying trends for young multifamily renters and owners, revealing an increased adoption of smart home technology and data on which amenities are valued.
MBA Chart of the Week: Selected Indexes of Housing Costs
The monthly cost burden of purchasing a new home, as interest rates and house prices rose precipitously in 2022, continued in the first few months of 2023. For example, MBA’s Purchase Applications Payment Index (PAPI), hit a new high in May. Since then, despite 30-year mortgage interest rates eclipsing 7%, the index has come down slightly as median loan application amounts moderated. We are, however, still in record territory as shown by the solid green line in this week’s chart.
Freddie Mac: Apartment Investment Market Index Rises Again in Second Quarter
Freddie Mac Multifamily, McLean, Va., said its Apartment Investment Market Index rose by 5.1% in the second quarter, marking the second straight quarter the index improved nationwide and in all 25 markets examined.
MBA’s Broeksmit Comments on Potential Government Shutdown
Mortgage Bankers Association President & CEO Robert D. Broeksmit, CMB, commented Monday on a potential government shutdown at the end of the fiscal year.
Commercial/Multifamily People in the News Sept. 28, 2023
CBRE announced two personnel changes in Debt and Structured Finance.
Dealmaker: Dwight Capital and Dwight Mortgage Trust Close $246M in August
Dwight Capital, New York, and its affiliate Dwight Mortgage Trust closed more than $246 million in real estate financing in August.
MBA’s Commercial/Multifamily Finance Convention & Expo Highlights Speakers
The Mortgage Bankers Association’s Commercial/Multifamily Finance Convention & Expo will be held Feb. 11-14, in San Diego.