CBRE, Dallas, released its U.S. Real Estate Market Outlook 2024, predicting that commercial real estate investment activity likely will begin to pick up in the second half of next year.
Category: News and Trends
Speaker Spotlight: FHFA’s Sandra Thompson at CREF24
Federal Housing Finance Agency Director Sandra Thompson will speak at a General Session on Multifamily at CREF24 on Feb. 12, from 10:30 am-11:00 am (PST).
Dodge Momentum Index Decreases 1% in November
The Dodge Momentum Index decreased 1% in November to 179.2 (2000=100) from the revised October reading of 181.7, according to the Dodge Construction Network, Hamilton, N.J.
Freddie Mac Apartment Investment Market Index Posts Slight YoY Increase
Freddie Mac Multifamily reported its Apartment Investment Market Index ticked downward in the third quarter but is up 0.3% over the past 12 months.
Boxwood Means: Small Cap Multifamily Properties Stay Positive
Boxwood Means, Stamford, Conn., found prices for small cap multifamily properties have remained positive despite headwinds for the larger sector.
Dealmaker: M&T Realty Capital Corp. Provides $11M Loan for Bronx Property
M&T Realty Capital Corp., Baltimore, provided a $10.5 million permanent loan to refinance a newly stabilized multifamily rental property in Bronx, N.Y.
CCMS Designee Society Rebranding Highlights Community, Charitable Efforts
Industry members who achieve the Mortgage Bankers Association’s Commercial Certified Mortgage Servicing designation will now have a newly rebranded home for networking and collaboration–the CCMS Designee Society.
Zillow Predicts Improved Affordability, More Homes For Sale in 2024
Zillow, Seattle, predicts home buyers will have a bit more financial breathing room in 2024, although affordability remains a challenge.
Redfin: November Asking Rents Post Biggest Drop in More Than Three Years
Redfin, Seattle, reported asking rents declined 2.1% year-over-year in November–the biggest annual drop since immediately pre-pandemic in February 2020.
CMF Quote of the Week: Dec. 21, 2023
“Single-family rent increases continued to moderate in October, slowing to the lowest annual growth rate in more than three years.”
–Molly Boesel, Principal Economist for CoreLogic