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MBA Creates Member Guide Ahead of Partial Government Shutdown Possibility
As of this writing, the federal government is on the brink of a partial shutdown with the first deadline of the current two-tiered Continuing Resolution rapidly approaching. Congressional leaders on Wednesday evening agreed to extend the current agreement for a short time--until March 8 for some federal departments and March 22 for others.
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MBA Chart of the Week: 2024 Commercial Mortgage Maturities Pushed Up by 2023 Extensions
Commercial mortgages tend to be relatively long-lived, spreading maturities out over several years.
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Commercial Property Prices Slip at Slower Rate in January
Real Capital Analytics, New York, reported the annual rate of decline in U.S. commercial property prices slowed in early 2024.
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Miami No. 1 Rental Market, RentCafe Finds
RentCafe, Santa Barbara, Calif., compiled a report on the hottest rental markets for the beginning of 2024, finding Miami takes the top spot, but many markets in the Midwest are also popular.
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Economic Outlook: ‘Some Momentum’ Going into 2024–#MBAServicing24
ORLANDO–The U.S. economy was stronger in 2023 than most analysts expected, according to Joel Kan, Vice President and Deputy Chief Economist with the Mortgage Bankers Association.
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CommercialEdge: Office Market Continues to See Challenges
CommercialEdge, Santa Barbara, Calif., found the average U.S. office listing rate was at $37.35 per square foot, down about 1.8% year-over-year, in January. That’s also down about 29 cents from December.
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Redfin Reports Florida Condo Prices Falling as Insurance; HOA Fees Skyrocket
Prices of condos in some major Florida metros are dropping year-over-year and sales are declining as insurance costs and homeowners association fees climb, according to Redfin, Seattle.
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2024 mPact Summit April 4 in Plano, Texas
Join your real estate industry young professional peers for MBA mPact’s second annual Summit on Thursday, April 4.
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Dealmaker: Ease Capital Provides $32M in Bridge Financing for Virginia Beach Multifamily
Ease Capital, New York, provided Community Investment Group, Chesapeake, Va., with $32 million for the purchase and renovation of Dove Landing Apartments, a 318-unit garden-style multifamily community in Virginia Beach, Va.