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.
Category: News and Trends
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.
Dealmaker: Calmwater Capital Funds $17M Multifamily Construction Loan
Calmwater Capital, El Segundo, Calif., provided San Diego-based Greenline Development Group with a $16.5 million construction loan on a 69-unit multifamily property in San Diego.
Commercial Mortgage Delinquency Rates Increased in the Second Quarter of 2024
Commercial mortgage delinquencies increased in the second quarter of 2024, according to the Mortgage Bankers Association’s (MBA) latest Commercial Delinquency Report.
CREF Policy Update: Register for MAA’s Next Quarterly Webinar on Sept. 17
Commercial and multifamily developments and activities from MBA important to your business and our industry.
CMF Quote of the Week: Sept. 5, 2024
“The monthly drop was owed to a pull-back in both residential and nonresidential outlays. Although total spending is still up 6.7% over the past year, construction activity is losing momentum as elevated financing costs narrows the pipeline of new projects getting started.”
–Wells Fargo Economists Charlie Dougherty, Jackie Benson and Ali Hajibeigi on construction spending numbers
Fannie Mae, Freddie Mac Announce New Protections for Renters
Fannie Mae and Freddie Mac announced new protections for renters in multifamily properties with mortgages backed by the enterprises.
MBA’s David Upbin Breaks Down Changes to Education Advantage for Commercial Members
MBA NewsLink talked to David Upbin, Mortgage Bankers Association Vice President, Education and Strategy, about the changes to MBA’s Education Advantage for commercial members, and how companies can benefit from the offerings.