Category: News and Trends

Rent prices in single-family rental properties increased 3.0 percent year-over-year in October, up from a 2.7 percent rate a year ago, reported CoreLogic, Irvine, Calif.

Housing starts rose for the first time in three months, HUD and the Census Bureau reported yesterday, although multifamily accounted for most of the increase.

The commercial mortgage-backed securities delinquency rate resumed its year-long downward trajectory in November after a very brief uptick in October, reported Trepp, New York.

Kennedy Wilson, Beverly Hills, Calif., sold its research subsidiary, Meyers Research LLC, to middle-market private equity firm MidOcean Partners, New York.

The Mortgage Action Alliance, the grassroots advocacy arm of the Mortgage Bankers Association, announced results of its elections for new members of its Steering Committee for the 2019-2020 year.

Ares Management Corp., Los Angeles, closed Ares U.S. Real Estate Fund IX, which primarily targets investments in multifamily, industrial and office properties, at $1.04 billion.

Commercial and multifamily developments and activities from MBA relevant to your business and our industry.

Annual growth in U.S. commercial property prices fell in October to the slowest pace seen this year, reported Real Capital Analytics, New York.

Current favorable economic conditions should extend through 2019, supporting commercial real estate next year even as the cycle reaches its 10th year, said Wells Fargo Securities, Charlotte, N.C.

In the commercial and multifamily mortgage markets, different capital sources track delinquency rates in different ways, and for a host of good reasons. Many capital sources, including banks, calculate delinquencies up to the point where an economic loss is recorded.