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.
Category: News and Trends
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.
MBA Submits Residential, Multifamily Comments on GSE ‘Duty to Serve’ Proposed Rule
The Mortgage Bankers Association submitted a comment letter yesterday to the Federal Housing Finance Agency, conveying its views from both a residential real estate finance and multifamily real estate finance perspective on a proposed Federal Housing Finance Agency proposed rule to implement Duty to Serve requirements for Fannie Mae and Freddie Mac.
Survey: Investors Shift Focus
Commercial real estate’s traditional focus on big cities and large employers is shifting as small businesses emerge as a growth engine and secondary markets move into view, reported the Urban Land Institute and PriceWaterhouseCoopers.
Apartment Rent Growth Down, Occupancy Up
Apartment market performance moderated in February as the annual effective rent growth rate fell to 4.1 percent, a full percentage point lower than January, reported Axiometrics, Dallas.
Analysts: Not The Top of Market Cycle
Several analysts say despite suggestions that the current commercial real estate cycle has peaked, data point to commercial real estate remaining attractive to investors both domestically and abroad, with the U.S. outlook stronger than elsewhere in the world.
Fannie Mae: Millennials Driving Apartment Demand Surge
Many believe that Baby Boomers downsizing from single-family homes drive the current apartment boom. But Fannie Mae, Washington, D.C., said Millennials, not Boomers, power the surge.
C&W: Continued Employment Growth Supports CRE
Employment fundamentals that drive demand for commercial real estate space remain sound, reported Cushman & Wakefield, New York.
Apartment Rents Rise Again
Multifamily rents posted a solid increase in February as the average national rate rose $7 to a record $1,175, reported Yardi Matrix, Englewood, Colo.