“The amount of commercial mortgage debt outstanding increased in the first quarter of 2024, despite slow mortgage originations activity.”
–Jamie Woodwell, MBA’s Head of Commercial Real Estate Research.
Category: News and Trends
Yardi Matrix Anticipates Minimal Rent Growth for Second Half of Year
Yardi Matrix, Santa Barbara, Calif., released its U.S. Multifamily Outlook for Summer 2024, finding that while multifamily performance continues to be strong, rent growth is likely to remain slow through the rest of the year.
MBA Urges HUD to Publish Notice About Ongoing Challenges With NSPIRE Protocol
The Mortgage Bankers Association asked HUD for assurance that servicers will not be held accountable for compliance with the new National Standards for the Physical Inspection of Real Estate (NSPIRE) system until it is “fully accessible and usable to each participant.”
CoreLogic: U.S. Single-Family Rents Grew 3% in April
Single-family rents nationwide grew 3% year-over-year in April, CoreLogic, Irvine, Calif., reported, consistent with growth recorded over the past year.
Commercial and Multifamily Mortgage Debt Outstanding Increased in First Quarter: MBA
The level of commercial/multifamily mortgage debt outstanding increased by $40.1 billion (0.9%) in the first quarter, according to the Mortgage Bankers Association’s latest Commercial/Multifamily Mortgage Debt Outstanding quarterly report.
TransUnion: Consumer Outlook Mixed in Q2
TransUnion, Chicago, released its Consumer Pulse Study for the second quarter, finding consumer concerns about inflation and interest rates have hit their highest levels in two years. However, more than half of Americans remain optimistic about their household finances over the next year.
Fitch Forecasts Office Performance Will Worsen Through 2025
Commercial real estate office loan performance will weaken further as market pressures build, according to Fitch Ratings’ latest U.S. CMBS Office Dashboard.
CBRE: Half of U.S. Hotel Investors Plan to Buy More This Year
CBRE, Dallas, reported that investors have generally positive sentiment about the hotel market this year.
Dealmaker: Greystone Closes $22.9M Transaction for Texas Multifamily Property
Greystone, New York, closed a bridge loan debt placement and preferred equity component to refinance a multifamily property in Fort Worth, Texas. The financing totaled $22.9 million.
CREF Policy Update: Owen Lee of Success Mortgage Partners Inc., Nominated to Be 2025 MBA Vice Chairman
Commercial and multifamily developments and activities from MBA important to your business and our industry.