Both homeowners and renters are struggling with high housing costs, the Harvard Joint Center for Housing Studies reported yesterday.
Category: News and Trends
Point2: Amid Build-to-Rent Boom, California Sees Most Luxury Options
Point2, Saskatoon, Saskatchewan, released an analysis finding that five of the top 10 cities with the highest shares of luxury houses for rent are in California
Zillow: Housing Deficit Continues to Grow
Zillow, Seattle, released an analysis revealing the U.S. housing shortage grew to 4.5 million homes in 2022, up from 4.3 million in 2021.
RealPage: U.S. Apartment Occupancy Rates Up in Most Markets
RealPage, Richardson, Texas, found most markets across the country are seeing month-over-month apartment occupancy improvements.
Dealmaker: Berkadia Secures $400M Construction Loan for The Residences at Six Fisher Island
Related Group, Teddy Sagi and BH Group received a $400 million construction loan for The Residences at Six Fisher Island from Madison Realty Capital.
CREF Policy Update: MBA Urges HUD to Fix NSPIRE
Commercial and multifamily developments and activities from MBA important to your business and our industry.
Commercial/Multifamily Briefs, June 27, 2024
Industry news in the commercial and multifamily space from Covius, CBRE and Markerr.
CMF Quote of the Week: June 20, 2024
“The amount of commercial mortgage debt outstanding increased in the first quarter of 2024, despite slow mortgage originations activity.”
–Jamie Woodwell, MBA’s Head of Commercial Real Estate Research.
Yardi Matrix Anticipates Minimal Rent Growth for Second Half of Year
Yardi Matrix, Santa Barbara, Calif., released its U.S. Multifamily Outlook for Summer 2024, finding that while multifamily performance continues to be strong, rent growth is likely to remain slow through the rest of the year.
MBA Urges HUD to Publish Notice About Ongoing Challenges With NSPIRE Protocol
The Mortgage Bankers Association asked HUD for assurance that servicers will not be held accountable for compliance with the new National Standards for the Physical Inspection of Real Estate (NSPIRE) system until it is “fully accessible and usable to each participant.”