“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
Category: News and Trends
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.
Yardi Matrix: Multifamily Rents Flat in August
Yardi Matrix, Santa Barbara, Calif., released its data on multifamily rents in August, finding that they were essentially flat, with just a $1 drop to $1,741 from July. Year-over-year growth was unchanged at 0.8%.
Redfin: Florida, Texas Condo Markets Struggle
Redfin, Seattle, released a recent report looking at condo activity in Florida and Texas amid growing insurance and HOA costs. In major metro areas in both states, inventory is increasing, but pending sales are dropping, the report noted.
To the Point With Bob–Amid Grand Visions, MBA is Tackling Housing Shortage One Program at a Time
The lack of affordable housing is a big issue this election year, writes MBA President and CEO Bob Broeksmit, CMB.
142,000 Jobs Added in August, Unemployment Rate Stagnant
The U.S. Bureau of Labor Statistics released jobs data from August, finding that total nonfarm payroll enrollment increased by 142,000. The unemployment rate changed little at 4.2%.
National MI, MBA Opens Doors Foundation Celebrate Five Years of Partnership
Since 2012, the MBA Opens Doors Foundation has worked side by side with families whose homes are in jeopardy while caring for a critically ill or injured child. Through its Home Grant Program, the Foundation has helped nearly 17,000 families with more than $25 million in mortgage and rental payment assistance.