Redfin, Seattle, found that Americans need to earn $116,633 per year to afford the median priced home for sale, compared with $64,160 needed to afford the typical apartment for rent.
Category: News and Trends
Dealmaker: Bayview PACE Provides $137M C-PACE Financing for Westin Resort
Bayview PACE, a division of Silver Hill Funding, LLC, provided $137 million in C-PACE funding for the development of the 502-key, $420 million Westin Cocoa Beach Resort & Spa in Cocoa Beach, Fla.
CREF Policy Update: CFPB Agrees to Reopen Dodd-Frank Section 1071 Rulemaking
Commercial and multifamily developments and activities from MBA important to your business and our industry.
Redfin: February Sees Highest Share of Condos Selling Under List Price in 5 Years
Redfin, Seattle reported that 68.4% of condos that sold in February did so for less than their original asking price.
CREF Policy Update April 10, 2025
Commercial and multifamily developments and activities from MBA important to your business and our industry.
CMF Quote of the Week
“In these last three months of frenetic change, I can assure you that MBA is bringing to bear our clout, our credibility and our common sense to the business of governing.” -MBA President and CEO Bob Broeksmit, CMB
Climate Central: 100-Year Coastal Flood Zones to Expand
Climate Central, Princeton, N.J., released an analysis of flooding along U.S. coasts, finding that in 25 years, 2.5 million Americans’ homes will be at risk of a severe coastal flood.
Dealmaker: BWE Secures $308M to Refinance Two Senior Living Communities
BWE, Cleveland, arranged $308 million to refinance two senior living communities in Los Angeles and Philadelphia.
Bob Broeksmit on MBA Advocacy, Priorities in New Administration
WASHINGTON–“In this whirlwind of dramatic change–whether a slew of executive orders or landmark legislation coming down the road, MBA is not hanging back and waiting to see how this will play out,” said Mortgage Bankers Association President and CEO Bob Broeksmit, CMB, at the MBA National Advocacy Conference.
U.S. Adds 228,000 Jobs in March; Industry Economists Weigh In
Total nonfarm payroll increased by 228,000 in March, the U.S. Bureau of Labor Statistics reported Friday.