MBA Chart of the Week, July 19, 2021: Home Prices, Rent and Inflation
Federal Reserve Chair Jay Powell testified before Congress last week and received several questions regarding recent inflation trends, with overall CPI inflation increasing 5.4 percent in June 2021 compared to a year ago. This followed readings of 4.2 percent in April and 5.0 percent in May. The headline inflation number was the highest in 13 years, while the recent monthly pace of core inflation is the highest since the early 1980s.
MISMO Seeks Participants for Phase Two of Commercial Appraisal Dataset Standard Focusing on Retail, Office, Industrial Properties
MISMO®, the real estate finance industry's standards organization, seeks participants for its Commercial Appraisal Development Work Group (DWG) as Phase 2 kicks off with a focus on expanding the Commercial Appraisal Dataset Standard to include more data points related to retail, industrial and office (RIO) properties.
CREF Policy Update July 22, 2021
Commercial and multifamily developments and activities from MBA relevant to your business and our industry.
MBA DEI Leadership Commercial/Multifamily Award: Nomination Deadline Aug. 13
Inspire change; share success. The Mortgage Bankers Association recognizes residential and commercial/multifamily members who show leadership in the areas of Diversity, Equity and Inclusion (DEI) internally through market outreach efforts with its annual DEI Leadership Awards.
Dealmaker: Mesa West Capital Provides $188M to Finance Three Multifamily Transactions
Mesa West Capital, Los Angeles, funded $187.5 million in first mortgage debt secured by apartment communities in Chicago, Phoenix and Portland, Ore.
Domino Effect: Single-Family Rent Growth Rate Spikes in May as Housing Economy Challenges Persist
CoreLogic, Irvine, Calif., said single-family rent growth reached 6.6% year-over-year in May, up from a 1.7% year-over-year increase in January 2020.
New Alliance Seeks ‘Roadmap to Equity’ in Commercial Real Estate
The commercial real estate industry lacks diversity, and industry leaders agree that transformation is imperative.
Tech Hubs Poised For Growth After Holding Steady Through Pandemic
Technology employment weathered the pandemic better than most professions; now established tech capitals such as San Francisco and Seattle and emerging tech hubs including Dayton and Colorado Springs are poised for growth, said CBRE, Dallas.
