Down Payment Resource, Atlanta, reported that 79 homebuyer assistance programs were added in the first quarter, to hit 2,373 total.
Category: News and Trends
Dealmaker: Cushman & Wakefield Arranges $45.7M for Cleveland Office Property
Cushman & Wakefield, Chicago, arranged acquisition financing totaling $45.75 million for an office tower in Cleveland.
Zillow: Number of Rent-Burdened Households Significant; BIPOC Renters Most Affected
A new report released by Zillow, Seattle, found that nearly half of U.S. renter households in large metro areas are “rent-burdened.” And, BIPOC renter households are more likely than others to fall into that category.
CMBS Delinquency Rate Increases Moderately
The delinquency rate among KBRA-rated U.S. commercial mortgage-backed securities increased moderately in April to 4.67%, according to KBRA, New York.
Hotel Development Pipeline Reaches Record High
The hotel development pipeline continues to grow, according to data firm Lodging Econometrics, Portsmouth, N.H.
Jeffrey Weidell, CEO of Northmarq and MBA 2024 COMBOG Chair, Testifies Before the House Committee on Oversight & Accountability’s Health Care & Financial Services Subcommittee
Jeffrey Weidell, CEO of Northmarq and 2024 Mortgage Bankers Association (MBA) COMBOG Chair, testified April 30 at a hearing titled, “Health of the Commercial Real Estate Markets and Removing Regulatory Hurdles to Ensure Continued Strength,” before the House Committee on Oversight & Accountability’s Subcommittee on Health Care & Financial Services.
Commercial/Multifamily Briefs, May 2, 2024
Commercial and multifamily industry news from Freddie Mac and Kastle Systems.
CMF Quote of the Week: April 25, 2024
“Higher interest rates, uncertainty about property values, and questions about some properties’ fundamentals led to a steep fall-off in borrowing and lending backed by commercial real estate last year.”
–Jamie Woodwell, MBA’s Head of Commercial Real Estate Research
CREF Policy Update April 25: MBA, Coalition Responds to HUD’s RFI on Build America, Buy America
Commercial and multifamily developments and activities from MBA important to your business and our industry.
Student Housing Pre-Leasing, Rent Growth Outpace Historical Average
Student housing pre-leasing is outpacing all previous years on record and rent growth remained strong in March, according to Yardi Matrix, Santa Barbara, Calif.