“We are holding to our call for two rate cuts this year, with the first in September, as we expect that inflation will continue to moderate.”
— MBA SVP and Chief Economist Mike Fratantoni
Category: News and Trends
RE/MAX: Costs Hold Back Eager Millennial, Gen Z Buyers
RE/MAX, Denver, released a new survey finding that 63% of Millennial and Gen Z respondents are ready to become homeowners, but are discouraged by the current environment.
RentCafe IDs Cities With Roomiest Apartments on a Budget
RentCafe, Santa Barbara, Calif., recently analyzed which cities feature the largest apartments for $1,500 monthly rent. Topping the list of big cities was Wichita, Kan., followed by Toledo, Ohio.
ATTOM: Home Sellers’ Profit Margins Nearly Flat in Second Quarter
ATTOM, Irvine, Calif., released its second-quarter 2024 U.S. Home Sales Report, which showed that home sellers earned a 55.8% profit margin on typical single-family home and condo sales during the second quarter.
Dealmaker: Gantry Secures $40M Loan to Refinance Washington Multifamily
Gantry, San Francisco, secured a $40 million permanent loan to refinance an apartment complex on Mercer Island, a Puget Sound community between Seattle and Bellevue, Wash.
MBA Recognizes Premier, Select Members
MBA is proud to recognize its Premier and Select Members and to thank them for their continued support of MBA and the real estate finance industry.
CREF Policy Update: MBA, Trades Send Letter to President Biden Opposing Rent Control Proposal
Commercial and multifamily developments and activities from MBA important to your business and our industry.
MBA: Delinquency Rates for Commercial Property Loans Declined Slightly in Second Quarter of 2024
Delinquency rates for mortgages backed by commercial properties declined slightly during the second quarter of 2024.
Freddie Mac Forecasts Low Rent Growth Amid High-Supply Headwinds
Freddie Mac Multifamily, McLean, Va., expects multifamily performance to remain muted for the remainder of the year as the market works through a historically high supply of new units.
CMF Quote of the Week: July 25, 2024
“The delinquency rate for most property types declined last quarter, with the exception of loans backed by office properties, which experienced an increase.”
–Jamie Woodwell, MBA’s Head of Commercial Real Estate Research