Delinquency rates overall for mortgages backed by commercial properties were unchanged during the first quarter of 2024, but loans backed by office properties continued to see a rise in delinquencies. This is according to the Mortgage Bankers Association’s (MBA) latest commercial real estate finance (CREF) Loan Performance Survey.

Commercial and multifamily developments and activities from MBA important to your business and our industry.

The Urban Land Institute, Washington, released its Real Estate Economic Forecast for Spring 2024. Among the major takeaways–while 2024 is seeing a solid economy, high interest rates continue to weigh on the industry.

Redfin, Seattle, found median asking rents rose 0.8% year-over-year in March, in the third consecutive increase.

The Dodge Momentum Index fell 8.6% in March to 164.0, and commercial properties entering the planning stage dipped 3.2%, according to the Dodge Construction Network, Bedford, Mass.

RealPage, Richardson Texas, reported that a major influx of apartment supply is continuing to temper rent and occupancy figures in the quarter.

The U.S. commercial mortgage-backed securities delinquency rate decreased nine basis points to 2.19% in March, according to Fitch Ratings, New York.

Dwight Capital and its affiliate REIT, Dwight Mortgage Trust, announced a number of deals in March.