Redfin, Seattle, found the median asking rent in July rose 1.7% year-over-year. That’s the largest increase since January 2023.
Category: News and Trends
RCN/CJ Patrick: Investor Sentiment Rebounds from Recent Lows
Real estate investor sentiment is rebounding after declining sharply for two consecutive quarters, according to the latest RCN Capital/CJ Patrick Co. Investor Sentiment Index.
Dealmaker: Marcus & Millichap Capital Corp. Secures $91M for Florida Multifamily
Marcus & Millichap Capital Corp., Calabasas, Calif., arranged $91.4 million in financing for the construction of two multifamily assets in Naples, Fla.
CREF Policy Update: Mortgage Industry Veteran John Hedlund Nominated to Be 2026 MBA Vice Chairman
Commercial and multifamily developments and activities from MBA important to your business and our industry.
Trepp: CMBS Special Servicing Rate Retreats Slightly After Three Increases
Trepp, New York, reported the commercial mortgage-backed securities special servicing rate dipped in July after peaking at a 12-year high in June.
LightBox: CRE Activity Remains Strong in July
LightBox, Shelton, Conn., released its CRE Activity Index for July, pinning it at 112.4. That’s down just slightly from June’s high-water mark of 115.6.
CMF Quote of the Week
“John Hedlund brings an impressive combination of decades of leadership as a lender, a devotion to the mortgage industry and MBA engagement, and significant entrepreneurial success to our leadership ladder.”
–Laura Escobar, 2025 MBA Chair and President of Lennar Mortgage
Dealmaker: Merchants Capital Secures $61M for Queens, N.Y., Affordable Housing Development
Merchants Capital, Carmel, Ind., announced $60.5 million in total financing for the acquisition and preservation by Tredway of a 602-unit affordable housing community in the Queens, N.Y., neighborhood of Far Rockaway.
RentCafe: Washington, D.C., Tops Mid-Year Renter Engagement Tracker
RentCafe, Santa Barbara, Calif., released its Renter Engagement Tracker for the first half of the year, finding that the nation’s capital topped the list.
AICPA: One-Third of Americans Haven’t Taken Financial Steps to Prepare for Natural Disaster
A survey conducted by The Harris Poll on behalf of the American Institute of CPAs, Durham, N.C., found 32% of Americans say they have taken no financial steps to prepare for a natural disaster.