The Mortgage Bankers Association commended the Federal Housing Finance Agency for its proposed rule establishing 2023-2024 Multifamily Enterprise Housing Goals for Fannie Mae and Freddie Mac.
Category: News and Trends
Hotel Cap Rates Increase
U.S. Realty Consultants LLC, Columbus, Ohio, reported hotel capitalization rates generally increased compared to six months ago.
CBRE: Record Low Data Center Vacancies Despite Increased Supply in H1 2022
The North American data center market added significant new supply this year, but overall vacancy declined to a record low, reported CBRE, Dallas.
RealPage: Apartment Demand Plunges in Third Quarter
RealPage, Richardson, Texas, said apartment demand plunged in the third quarter as new leasing stalled far more than expected.
Economic Uncertainty, Remote Work Challenge Office Sector
Despite five interest rate increases in 2022, inflation remains near multi-year highs. This could hit the office sector harder than other property types, said KBRA, New York.
Commercial/Multifamily News Briefs Oct. 20, 2022
News in brief from Freddie Mac Multifamily, Eastdil Secured, Project Destined and Enterprise Community Partners
Commercial and Multifamily People in the News Oct. 20, 2022
Personnel News from CBRE, JLL and Newmark.
Quote
“Commercial and multifamily mortgages continued to perform well through the third quarter. A much smaller share of loans backed by the property types hardest hit at the onset of the pandemic–lodging and retail–were delinquent. For those property types, very few new loans faced difficulties and lenders continued to work through those that had. Additionally, loans backed by property types that have been performing well throughout the pandemic including multifamily, industrial and office continued to see few delinquencies.”
–Jamie Woodwell, MBA Vice President of Commercial Real Estate Research.
MBA CREF Policy Update Oct. 20, 2022
Commercial and multifamily developments and activities from MBA relevant to your business and our industry.
CREF Returns to San Diego, Feb. 12-15
The Mortgage Bankers Association’s Commercial Real Estate Finance/Multifamily Housing Convention & Expo takes place Feb. 13-16 at the Manchester Grand Hyatt in San Diego.