Personnel News from RCLCO, BWE.
Category: News and Trends
MBA CREF Policy Update Jan. 26, 2023
Commercial and multifamily developments and activities from MBA important to your business and our industry.
MBA #CREF23 in San Diego Feb. 12-15
Join thousands of your commercial and multifamily real estate colleagues in San Diego for the MBA Commercial/Multifamily Finance Convention & Expo, Feb 12-15.
MBA: 4Q Commercial, Multifamily Mortgage Delinquency Rates Increase
Delinquency rates for mortgages backed by commercial and multifamily properties increased slightly through the fourth quarter, the Mortgage Bankers Association’s latest CREF Loan Performance Survey reported.
RealPage: Apartment Demand Turns Negative for the First Time Since 2009
RealPage, Richardson, Texas, said net demand for apartments finished 2022 in negative territory for the first time in years.
Call for Nominations: MBA NewsLink 2023 Tech All-Star Awards; Deadline Jan. 20
The MBA NewsLink 2023 Tech All-Star Awards nomination period is underway. Nominations will be accepted through Friday, Jan. 20.
Rent Growth Slows 7th Straight Month
Redfin, Seattle, reported the median U.S. asking rent rose by just 4.8% year over year to $1,979 in December—the smallest increase since July 2021. Despite the slowing, the report said rents grew at more than three times that pace one year earlier.
Bank Commercial Real Estate Loan Delinquency Dips
Trepp, New York, said delinquency rates for commercial real estate loans held by banks declined in third-quarter 2022 after increasing modestly earlier in the year.
MBA: 4Q Commercial, Multifamily Mortgage Delinquency Rates Increase
Delinquency rates for mortgages backed by commercial and multifamily properties increased slightly through the fourth quarter, the Mortgage Bankers Association’s latest CREF Loan Performance Survey reported.
Net Lease Cap Rates Expand for Third Consecutive Quarter
Single-tenant net lease sector cap rates increased for the third consecutive quarter in late 2022, reported Boulder Group, Wilmette, Ill.