“The first drop in vacant units in more than two years signals a crucial turning point in the multifamily sector. This boost will lead to increased investment activity in 2025 as improving fundamentals continue to drive investor confidence capital deployment.”
–Kelli Carhart, Leader of Multifamily Capital Markets for CBRE
Some early readers of last week’s CMF newsletter may have seen a photo that misidentified Acting Secretary of the U.S. Department of Housing and Urban Development Adrianne Todman. Newslink corrected the mistake online immediately upon learning of it. We regret the error.
CBRE, Dallas, reported the U.S. multifamily market’s vacancy rate fell in the third quarter for the first time in more than two years, with renter demand outpacing new supply deliveries.
DENVER–“You’re the most important part of what the [Mortgage Bankers Association] does in D.C.,” said former Speaker of the U.S. House of Representatives John Boehner to an audience gathered at MBA’s Annual Convention & Expo Oct. 29.
DENVER–It’s no secret that artificial intelligence is an increasingly hot topic, and there are real applications to consider for those working in mortgage banking and related industries, said experts from Amazon Web Services and NVIDIA Corp., at MBA’s Annual Convention & Expo Oct. 29.
The number of hotel rooms under construction in the U.S. increased year-over-year for the seventh consecutive month, according to CoStar, Washington, D.C.
DENVER–Renowned economist Mohamed El-Erian gave his thoughts on the global economic outlook during the Mortgage Bankers Association’s Annual Convention & Expo Oct. 28, noting that the U.S. economy is in a better place than anticipated, especially given recession predictions over the past few years.
Total nonfarm payroll inched up by just 12,000 in October, and the unemployment rate was unchanged at 4.1%, per the U.S. Bureau of Labor Statistics.
Around two-thirds of Millennial and Gen Z homeowners say they’re better off financially than they were four years ago, compared to just over half of Millennial and Gen Z renters, according to a new Redfin survey.
The Low-Income Housing Tax Credit (LIHTC) program has long been one of the most important tools for creating affordable housing across the United States. However, recent years have seen significant challenges in ensuring the equitable distribution of LIHTC equity, raising concerns among developers, investors, and policymakers alike.
