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.

Commercial mortgages tend to be relatively long-lived, spreading maturities out over several years.

Real Capital Analytics, New York, reported the annual rate of decline in U.S. commercial property prices slowed in early 2024.

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.

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.

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.

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.

Join your real estate industry young professional peers for MBA mPact’s second annual Summit on Thursday, April 4.

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.