Multifamily rent increases will likely slow down and oversupply may negatively impact some locales, but most metros will continue to enjoy positive fundamentals, said Yardi Matrix, Santa Barbara, Calif.
Category: News and Trends
Morningstar: CMBS Delinquency Rate Could Increase
The commercial mortgage-backed securities delinquency rate could rise in 2017 due to a “sharp” increase in newly delinquent CMBS loans–many of which will default at or near maturity–said Morningstar Credit Ratings, Chicago.
When Renters Behave Like Homeowners
NIMBY: Not In My Back Yard. Long the rallying cry of people opposed to landfills, Wal-Marts and other “undesirable” projects, it’s now become a rallying cry of both homeowners and renters for a new proposal–housing.
JLL: Domestic Hotel Investment Likely to Increase
Domestic investors will likely become more influential players in the U.S. lodging market as offshore capital from countries such as mainland China starts to slow, said JLL, Chicago.
CREF Highlights
Commercial and multifamily developments and activities relevant to your business and our industry.
MBANow: Rodrigo Lopez, CMB, Discusses GSE Reform Principles, Guardrails
The Mortgage Bankers Association released a new MBANow video on YouTube featuring MBA Chairman Rodrigo Lopez, CMB, who discusses the new MBA paper, GSE Reform Principles and Guardrails.
Freddie Mac: Multifamily Oversupply Risk Likely ‘In Check’
Steady absorption, a modest drop in multifamily starts and stable employment growth should keep multifamily oversupply risk in check, reported Freddie Mac Multifamily, McLean, Va.
Zillow: Homeownership ‘Break-Even’ Point Getting Longer
As a mortgage industry employee, you know the benefits of homeownership. You know that a home is the most significant investment a person makes in their lifetime. And you know that from an investment standpoint, in most cases buying a home pays for itself over the long term.
STR, Tourism Economics: ‘Slower but Steady’ Hotel Sector Growth
The U.S. hotel industry will likely see “slower but steady” growth through 2018, reported STR, Hendersonville, Tenn., and Tourism Economics, Philadelphia.
MBA Chart of the Week: Appetite for Commercial/Multifamily Loan Activity
Commercial and multifamily mortgage bankers expect 2017 to carry over much of the momentum from 2016, according to a new Mortgage Bankers Association survey of the top commercial and multifamily mortgage origination firms.