CBRE, Dallas, released a new report finding average mortgage payments are 38% higher than average apartment rents as of year-end.
Category: News and Trends
Zillow Finds Concessions Cool as Spring Rental Season Approaches
Following a winter that saw nearly a third of rental listings offering tenants tempting concessions such as free months of rent or free parking, Zillow, Seattle, said the share of rentals offering perks may have peaked.
Dealmaker: Berkadia Closes $89M in Multifamily Sales
Berkadia, New York, closed $89 million in multifamily property sales in Denver, Colo., and Urbana, Ill.
CREF Policy Update March 28: MBA’s Fratantoni Testifies Before Key House Housing Subcommittee
Commercial and multifamily developments and activities from MBA important to your business and our industry.
CMF Quote of the Week: March 28, 2024
“The disparity between mortgage payments and rental costs presents a substantial hurdle for aspiring homeowners,”
–Matt Vance, Americas Head of Multifamily Research for CBRE.
CMF Quote of the Week: March 21, 2024
“That’s actually a moving piece of legislation and a great program that is proven to create affordable housing units in this country–rental in that case.”
–MBA President and CEO Bob Broeksmit, CMB, on the LIHTC-related bill recently passed in the House of Representatives
2024 mPact Summit April 4 in Plano, Texas: Registration Closes March 29
Join your real estate industry young professional peers for MBA mPact’s second annual Summit on Thursday, April 4.
MBA Presents Burton C. Wood Award to Christine Rhea, President/CEO of the Mortgage Investors Group
The Mortgage Bankers Association presented its annual Burton C. Wood Legislative Service Award to Christine (Chrissi) Rhea, President/CEO of the Mortgage Investors Group (MIG), at MBA’s 2024 National Advocacy Conference.
Dodge Momentum Index Recedes 1.4% in February
The Dodge Momentum Index dipped 1.4% in February to 180.5 from January’s 183.0 reading, indicating fewer buildings going into the planning stage.
Yardi Matrix: Multifamily Rents Rose Slightly in February
Yardi Matrix, Santa Barbara, Calif., reported the average multifamily asking rent rose $1 in February to $1,713, the first increase in seven months. Year-over-year growth remained flat at 0.6%.