Freddie Mac reported its Apartment Investment Market Index rose nationwide by 5.3% quarter-over-quarter and 9.2% year-over-year, continuing an upward trend.
Category: News and Trends
CREF Policy Update: Federal Reserve Cuts Rates by 25 Basis Points; Third Rate Cut of 2024
Commercial and multifamily developments and activities from MBA important to your business and our industry.
MBA: Commercial and Multifamily Mortgage Debt Outstanding Increased $47.7 Billion in Third Quarter 2024
The level of commercial/multifamily mortgage debt outstanding increased by $47.7 billion (1%) in the third quarter of 2024, according to the Mortgage Bankers Association’s (MBA) latest Commercial/Multifamily Mortgage Debt Outstanding quarterly report.
CMF Quote of the Week
“The share of the balance of delinquent commercial mortgages increased for every major capital source during the third quarter of 2024.”
–Jamie Woodwell, MBA’s Head of Commercial Real Estate Research
CREF Policy Update: HUD Finalizes Rule on Multifamily Disbursements
Commercial and multifamily developments and activities from MBA important to your business and our industry.
RealPage: Multifamily Saw Stabilization in 2024
RealPage, Richardson, Texas, analyzed year-end trends, finding that the multifamily sector stabilized in 2024, with demand matching a 50-year supply peak.
MBA Opens Doors Foundation Welcomes Success Mortgage Partners’ Owen Lee, Philanthropist Mary Clarke Stevens to Board of Directors
The Mortgage Bankers Association’s (MBA) Opens Doors Foundation (Opens Doors) today welcomed Owen Lee, 2025 MBA Vice Chair and CEO of Success Mortgage Partners (SMP), and philanthropist Mary Clarke Stevens to its Board of Directors.
Austin Ranks First in STEM Job Growth–Again–RCLCO Finds
Austin, Seattle, Denver, San Francisco and Raleigh are the U.S. markets with the strongest outlook for growth in science, technology, engineering and math jobs, per RCLCO, Bethesda, Md.
MSCI: Insurance Taking Bigger Bite From Commercial Property Income
Higher insurance premiums are increasing commercial real estate operating costs and cutting into net operating income, according to MSCI, New York.
RentCafe: 2024 Competitive for Renters; Miami Hottest Market
RentCafe, Santa Barbara, Calif., released a report on 2024 year-end trends, finding a competitive rental market nationwide and top spots of interest in Miami and Chicagoland.