The Federal Reserve’s Federal Open Market Committee left interest rates unchanged Jan. 29.
Category: News and Trends
MBA’s Actions, Updates Regarding Clarity of OMB Memo
As of close of business on Jan. 29, the White House has rescinded the Office of Management and Budget memo released Jan. 27 addressing federal funding.
Dealmaker: JLL Arranges $41.65M for Retail Center in Illinois
JLL, Chicago, secured $41.65 million in financing for a grocery-anchored shopping center in Wheaton, Ill.
CMF Quote of the Week
“MBA congratulates Scott Turner on his confirmation to serve as HUD Secretary. We will continue to advocate for policies and solutions that improve housing supply and affordability and stand ready to work with leadership and staff at HUD, the Federal Housing Administration, and Ginnie Mae as they carry out their important roles in supporting single-family and multifamily housing markets while protecting taxpayers.”
–MBA’s President and CEO Bob Broeksmit, CMB
MBA’s Actions, Updates Regarding Clarity of OMB Memo
As of close of business on Jan. 29, the White House has rescinded the Office of Management and Budget memo released Jan. 27 addressing federal funding.
MBA Opens Doors Launches Disaster Relief Program for Children’s Hospital Los Angeles
The MBA Opens Doors Foundation launched the MBA Opens Doors Disaster Relief Program, which will provide an additional $100,000 to Children’s Hospital Los Angeles to support the children and families impacted by the Southern California wildfires.
DPR: 172 New Down Payment Assistance Programs in 2024
Down Payment Resource, Atlanta, found 172 new homebuyer assistance programs and 75 new program providers emerged in 2024.
CoreLogic: Single-Family Rent Growth Sees Lowest Annual Increase in 14 Years
CoreLogic, Irvine, Calif., released its Single-Family Rent Index for November, finding that single-family rent growth slowed to 1.5% year-over-year. That’s the lowest annual increase in more than 14 years.
Redfin: Amount Renters Need to Earn Drops
Redfin, Seattle, found that renters need to earn $63,680 to afford the $1,592 median asking rent for a U.S. apartment, the lowest amount needed since March 2022.
Investors Poised to Deploy More Capital in 2025: CBRE
CBRE, Dallas, said investors are gearing up to inject more capital into the U.S. commercial real estate market this year, driven by favorable pricing and despite the challenges posed by interest rate fluctuations.