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.
Category: News and Trends
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.
Commercial and Multifamily People in the News June 20, 2024
Industry personnel news from Berkadia, Slatt Capital and Greystone Monticello.
CMF Quote of the Week: June 13, 2024
“Demand from young renters remains high, as many of them are opting to stay put rather than contend with an increasingly unaffordable homebuying market.”
–Redfin Senior Economist Sheharyar Bokhari
FHFA Seeks Input on Fannie Mae/Freddie Mac Proposed Duty to Serve Underserved Markets Plans
The Federal Housing Finance Agency requests public input on the proposed 2025-2027 Underserved Markets Plans submitted by Fannie Mae and Freddie Mac under the Duty to Serve program.
Redfin: Asking Rents Hit Highest Level Since 2022
Redfin, Seattle, found the median asking rent increased 0.8% year-over-year in May to $1,653, just $47 below the record high hit in August 2022.