The median monthly rent for single-family rental properties is rising faster than rents for apartment units, reported Zillow, Seattle.
Category: News and Trends
Ten-X: CRE Volume Bounces Back in 2Q
Commercial real estate investment activity expanded in the second quarter after a “sharp” contraction early in the year, reported Ten-X, Irvine, Calif.
Commercial/Multifamily Briefs
Arbor Realty Trust, Uniondale, N.Y., closed a $365 million commercial real estate mortgage securitization.
MBA Chart of the Week: Commercial/Multifamily Property Sales, Mortgage Bankers Originations and Non-Bank Maturities ($ Millions)
Traditionally, commercial/multifamily mortgage bankers originations have tracked very closely with property sales volumes, with 2016 recording $490 billion of originations and $496 billion of property sales. That relationship broke down in the first half of 2017.
CBRE: Houston ‘Resilient’ After Hurricane Harvey
Hurricane Harvey dropped more than 50 inches of rain in the Houston area, but the city has survived at least eight other severe floods and hurricanes since 1998 and it will rebound from this, too, said CBRE, Los Angeles.
Freddie Mac: Continued Multifamily Market Growth But Increased Affordability Challenges
Most multifamily executives believe the rental housing market will continue to grow, but many are less optimistic about the affordable housing outlook, reported Freddie Mac, McLean, Va.
Administration Nominates Montgomery as FHA Commissioner
The Trump Administration’s nominee for Federal Housing Commissioner is a familiar face to the housing industry and members of the Mortgage Bankers Association.
Expectations for Institutional Returns Slip
Institutional investors expect commercial real estate returns to slip over the next year, the Pension Real Estate Association’s Consensus Forecast survey said.
MBA Chart of the Week: Commercial/Multifamily Property Sales, Mortgage Bankers Originations and Non-Bank Maturities ($ Millions)
Traditionally, commercial/multifamily mortgage bankers originations have tracked very closely with property sales volumes, with 2016 recording $490 billion of originations and $496 billion of property sales. That relationship broke down in the first half of 2017.
Freddie Mac: Continued Multifamily Market Growth But Increased Affordability Challenges
Most multifamily executives believe the rental housing market will continue to grow, but many are less optimistic about the affordable housing outlook, reported Freddie Mac, McLean, Va.