CRE Valuation Growth Slows in March

Commercial valuations increased 19 basis points in March–the slowest annual increase since the end of 2014–reported Ten-X, Irvine, Calif.

Moody’s: Oil Slump a Moderate CMBS Credit Negative

Falling oil prices represent a moderate credit negative for commercial mortgage-backed securities collateral and will cause performance to deteriorate in some metros, said Moody’s Investors Service, New York.

CBRE: ‘Market Should Be Resilient’

Commercial real estate markets should fare well at least through December, withstanding global economic headwinds and recent volatility in equity markets, said CBRE Group, Los Angeles.

Freddie Mac: More Than Half of Renters Plan to Keep Renting

Freddie Mac, McLean, Va., commissioned an online survey of renters showing nearly three-fourths of respondents believe renting is a more affordable choice than homeownership, with more than half plan to continue renting in the next three years.

CBRE: Fed Rate Decision Could Benefit CRE

The Federal Reserve’s decision to hold benchmark interest rates between 0.25 percent and 0.5 percent should improve commercial real estate borrowing conditions, said CBRE, Los Angeles.

MBA Chart of the Week: CMBS and Corporate Spreads to Swaps

Market volatility in the broader capital markets has increased the spreads investors demand for commercial mortgage-backed securities in recent months, leading many Wall Street analysts to reduce their expectations for 2016 CMBS issuance by 25 percent and more.