CREF Policy Update Dec. 21: MBA Joins Letter in Support of the Workforce Housing Tax Credit Act
Commercial and multifamily developments and activities from MBA important to your business and our industry.
CoreLogic: October Single-Family Rent Index Shows Slower Growth
CoreLogic, Irvine, Calif., released its Single-Family Rent Index for October, finding year-over-year rent growth slipped to 2.5%.
Freddie Mac Apartment Investment Market Index Posts Slight YoY Increase
Freddie Mac Multifamily reported its Apartment Investment Market Index ticked downward in the third quarter but is up 0.3% over the past 12 months.
CBRE Predicts Likely Upturn in Commercial Real Estate Investment in Second-Half 2024
CBRE, Dallas, released its U.S. Real Estate Market Outlook 2024, predicting that commercial real estate investment activity likely will begin to pick up in the second half of next year.
Boxwood Means: Small Cap Multifamily Properties Stay Positive
Boxwood Means, Stamford, Conn., found prices for small cap multifamily properties have remained positive despite headwinds for the larger sector.
Redfin: November Asking Rents Post Biggest Drop in More Than Three Years
Redfin, Seattle, reported asking rents declined 2.1% year-over-year in November–the biggest annual drop since immediately pre-pandemic in February 2020.
Zillow Predicts Improved Affordability, More Homes For Sale in 2024
Zillow, Seattle, predicts home buyers will have a bit more financial breathing room in 2024, although affordability remains a challenge.
Dodge Momentum Index Decreases 1% in November
The Dodge Momentum Index decreased 1% in November to 179.2 (2000=100) from the revised October reading of 181.7, according to the Dodge Construction Network, Hamilton, N.J.
Dealmaker: M&T Realty Capital Corp. Provides $11M Loan for Bronx Property
M&T Realty Capital Corp., Baltimore, provided a $10.5 million permanent loan to refinance a newly stabilized multifamily rental property in Bronx, N.Y.
