Commercial real estate foreclosures remain elevated and are still considerably higher than pre-pandemic figures, according to ATTOM, Irvine, Calif.
Category: News and Trends
CMF Quote of the Week
“Delinquency rates for commercial mortgages backed by office properties continued to increase during the third quarter but declined for loans backed by lodging, retail and industrial properties.”
–Jamie Woodwell, MBA’s Head of Commercial Real Estate Research
Altus Group: Commercial Real Estate Industry Expectations Mixed, but Show Signs of Optimism
Altus Group, Toronto, released its Q3 Commercial Real Estate Industry Conditions and Sentiment Survey, finding that the number of respondents who cited “deploying capital” as a primary focus over the next 6 months grew to 31%.
CoreLogic: Single-Family Rents Grew 2.4% in August
CoreLogic, Irvine, Calif., found U.S. single-family rents grew 2.4% year-over-year in August. However, that’s the lowest rate of growth since last fall, CoreLogic noted.
Dealmaker: Mesa West Capital Funds $57M to Refinance New Jersey Senior Housing
Mesa West Capital, Los Angeles, provided $57 million to refinance a senior housing community in Montvale, N.J.
Single-Family Housing Starts See Bump in September
The U.S. Census Bureau and U.S. Department of Housing and Urban Development announced new residential construction statistics for September, including that single-family housing starts rose 2.7% from August.
MBA: Commercial, Multifamily Mortgage Delinquency Rates Increase in Third Quarter
Delinquency rates for mortgages backed by commercial properties increased slightly during the third quarter of 2024. This is according to the Mortgage Bankers Association’s (MBA) latest commercial real estate finance (CREF) Loan Performance Survey.
CREF Policy Update: MBA’s CRE Private Credit Finance Summit Agenda Finalized, Speakers Selected
Commercial and multifamily developments and activities from MBA important to your business and our industry.
Commercial and Multifamily People in the News Oct. 24, 2024
Industry personnel news in the commercial and multifamily sector from KBRA and CBRE.
CMF Quote of the Week
“Rents remain stable nationally, but could look very different depending on where you live in the country.”
–Redfin Senior Economist Sheharyar Bokhari