A monthly mortgage payment is actually less expensive than rent in 22 of the 50 largest U.S. metros, according to a new Zillow Home Loans analysis.
Category: News and Trends
Dealmaker: Gantry Secures $34.3M in Seattle-Area Transactions
Gantry, Seattle, announced it secured $34.3 million in new loans to refinance four Seattle-area assets owned by different and unaffiliated entities.
Redfin: Demand for Second-Home Mortgages Lowest Since 2016
Redfin, Seattle, reported mortgage rate locks for second homes fell 13.1% year-over-year in August, to hit the lowest level since March 2016 on a seasonally adjusted basis.
CREF Policy Update: Fed Vice Chair Michael Barr Unveils MBA-Supported Changes to Basel III Re-Proposal
Commercial and multifamily developments and activities from MBA important to your business and our industry.
Commercial and Multifamily People in the News Sept. 19, 2024
Industry personnel news from Merchants Bancorp, CBRE, JLL and Peachtree Group.
CMF Quote of the Week: Sept. 12, 2024
“The delinquency rate for loans backed by commercial real estate increased again in the second quarter.”
–Jamie Woodwell, MBA’s Head of Commercial Real Estate Research
Green Street: Commercial Property Prices Up 3.3% This Year
Green Street, Newport Beach, Calif., reported its Commercial Property Price Index increased 1.6% in August. The index–a measure of pricing for institutional-quality properties–is up 3.3% this year.
CMBS Special Servicing Rate Leaps in August, Trepp Finds
Trepp, New York, reported the commercial mortgage-backed securities special servicing rate jumped in August, climbing 16 basis points to 8.46%.
Apply for MBA’s Diversity, Equity, and Inclusion (DEI) Leadership Awards, Due Nov. 1
MBA’s Diversity, Equity, and Inclusion (DEI) Leadership Awards celebrate leading organizations that demonstrate outstanding leadership in DEI initiatives.
Freddie Mac Announces Diana Reid as CEO
Freddie Mac announced that Diana Reid will serve as CEO, effective immediately.