Median-priced single-family homes and condos were less affordable in first-quarter 2025 compared to historical averages in 97% of counties around the nation with enough data to analyze, according to ATTOM, Irvine, Calif.
Category: News and Trends
Trepp: CMBS Delinquency Rate Jumps in March
Trepp, New York, reported the CMBS delinquency rate rose in March, with the overall delinquency rate up 35 basis points to 6.65%.
RentCafe: D.C. Still Top City for Renter Interest
RentCafe, Santa Barbara, Calif., released its rental activity report, finding that the nation’s capital once again ranked No. 1 in February.
RealPage: Some Florida Beach Town Rents Run Ahead of National Numbers
RealPage, Richardson, Texas, released an analysis on rent prices along the Florida coastline, five years after the COVID-19 pandemic sparked more remote work and mass migration.
C-PACE Financing Grows as Banks Warm Up, Regulations Improve
With a record $2.5 billion in 2024, C-PACE is mainstreaming, writes Anne Hill, Senior Vice President of Bayview PACE, a subsidiary of Bayview Asset Management.
Dealmaker: Access Point Financial Participates in $75M Mezzanine Financing
Access Point Financial, Atlanta, participated in providing $75 million in mezzanine financing for the 30-story Pendry Hotel & Residences in Nashville, Tenn.
CREF Policy Update: FHFA Withdraws Landlord-tenant Restrictions, Radon Testing Directives
Commercial and multifamily developments and activities from MBA important to your business and our industry.
CMF Quote of the Week
“Owning a home used to be the crux of the American dream, and while many still consider it a rite of passage, a lot of people are opting to rent for longer because they can’t afford to buy a place of their own. Even people who can afford to buy homes are choosing leases over mortgages, often because they want a flexible, low-maintenance lifestyle, or want to invest their money somewhere other than real estate.”
–Redfin Chief Economist Daryl Fairweather
Gen Z, Millennial Homeownership Rates Flat in 2024, Redfin Finds
Redfin, Seattle, found that homeownership rates for Gen Z and millennials were stagnant in 2024.
Redfin Reports Renter Population Grew 1% in Fourth Quarter
The number of renter households in America increased 0.8% year over year to 45.4 million in the fourth quarter—the slowest growth since the first quarter of 2023, according to a new report from Redfin.