FHFA Proposes 2022-2024 Multifamily Housing Goals for Fannie Mae, Freddie Mac
The Federal Housing Finance Agency on Wednesday published its 2022-2024 Enterprise Housing Goals Proposed Rule, which includes raising Fannie Mae and Freddie Mac’s multifamily housing goals from 315,000 to 415,000 low-income units.
MBA Chart of the Week: Aggregate Back Rent Owed
The Research Institute for Housing America, MBA’s think tank, recently released updated second-quarter 2021 results that allow us to assess how renters, mortgagors and student loan borrowers fared over the first 15 months of the pandemic.
MBA DEI Leadership Awards: Nomination Deadline Extended to Aug. 20
The Mortgage Bankers Association introduces a new offering to its members -- the Diversity, Equity and Inclusion (DEI) Study -- separately designed and compiled for both the residential and commercial/multifamily sides of the real estate finance industry.
Multifamily Real Estate Professionals Expect Increased Activity
Nearly 80 percent of investment sales advisors and mortgage bankers surveyed by Berkadia, New York, are optimistic multifamily transactions will increase from last year by the end of 2021.
Owning a Home Cheaper Than Renting in All 50 Top U.S. Markets
The age-old question in real estate: owning versus renting. According to First American Financial Corp., Santa Ana, Calif., for the time being, owning is winning.
Single-Family Rent Growth Up More Than Five-Fold Year-over-Year
CoreLogic, Irvine, Calif., said single-family rent growth reached 7.5% year-over-year in June, up from a 1.4% year-over-year increase a year ago.
Zillow: Affordability Squeeze Approaches as House, Rent Prices Rise
Housing affordability improvements brought on by historically low mortgage rates and dampened rent growth are "quickly evaporating" as home prices and rents rise faster than incomes, said Zillow, Seattle.
Dealmaker: Dwight Capital Closes $168M in HUD, Bridge Financings
Dwight Capital, New York, closed $167.7 million in HUD 223(f) and bridge financings.
Commercial Real Estate Investment Rebounds
Commercial real estate investment has rebounded to pre-pandemic levels as vaccine rollouts and signs of economic recovery lure investors back into the market, analysts reported.
Fitch: Return-to-Office Delays No Imminent Risk to Office REITs
Fitch Ratings, New York, said long-term office leasing plans will not likely be affected even if U.S. corporations continue to delay their return-to-office plans.
Analysts Lift 2021 Hotel Forecast, Lessen 2022 Growth Projections
STR, Hendersonville, Tenn., and Tourism Economics, Wayne, Pa., upgraded their U.S. hotel sector forecast for 2021 but lowered growth projections for 2022.
Commercial/Multifamily Briefs from JLL, Freddie Mac
JLL, Chicago, agreed to acquire Skyline AI, a leading artificial intelligence technology company that uses proprietary machine learning models to gain a competitive advantage in originating and analyzing commercial real estate opportunities.