RentCafe, Santa Barbara, Calif., released a report on the best cities for renters in 2025, naming McKinney, Texas, as the top location.
Category: News and Trends
Economy Adds 147,000 Jobs in June; Industry Economists Weigh In
Total nonfarm payroll increased by 147,000 in June, and the unemployment rate was 4.1%, the U.S. Bureau of Labor Statistics announced.
Redfin Reports Condo Prices See Second-Largest Drop on Record
Redfin, Seattle, found the median U.S. condo sale price fell 2.2% year-over-year to $354,100 in May, the second-largest drop in records dating back to 2012.
MBA’s Bob Broeksmit on the Numerous Real Estate Wins in Tax Package, Latest on Credit Reporting Costs
The Mortgage Bankers Association’s President and CEO Bob Broeksmit, CMB, released a video July 7 highlighting the pro-housing wins secured in the Republican-led tax and reconciliation that was passed last week and then signed into law by President Donald Trump.
Fannie Mae: Home Purchase Sentiment Index Falls
Fannie Mae released its National Housing Survey for June, including the Home Purchase Sentiment Index. The index dropped 3.7 points from May to 69.8.
Dealmaker: Walker & Dunlop Arranges $125M Construction Loan for Miami Mixed-Use Property
Walker & Dunlop, Bethesda, Md., arranged a $125 million loan to finance the construction of Cassi, a 107-unit mixed-use project located in Miami’s Design District.
CREF Policy Update: MBA Working for You–Final Tax and Reconciliation Package Contains Numerous Pro-Real Estate Tax Provisions
Commercial and multifamily developments and activities from MBA important to your business and our industry.
CMF Quote of the Week
“MBA is pleased that the Senate’s version of the bill maintains, and in several cases enhances, numerous pro-housing and economic development tax provisions that our Board-level Tax Task Force, representing both our single-family and commercial/multifamily members, advocated for.”
–MBA’s President and CEO Bob Broeksmit, CMB
MBA Statement on the Passage of the Senate Tax and Reconciliation Package
MBA’s President and CEO Bob Broeksmit, CMB, released a statement on the full Senate’s passage of H.R. 1, the Republican-led tax and spending package.
Trepp: CMBS Delinquency Rate Up; Office Hits High
Trepp, New York, reported that the CMBS delinquency rate rose in June, up 5 basis points to 7.13%.