MBA CREF Outlook Survey: Markets Expected to Become Less Unsettled as 2024 Progresses
Commercial and multifamily mortgage originators continue to experience an unsettled market for borrowing and lending but anticipate those conditions will stabilize over the course of 2024.
CREF Policy Update Jan. 11: FHFA Releases Report Summary on Tenant Protections Feedback
Commercial and multifamily developments and activities from MBA important to your business and our industry.
Trepp: CMBS Delinquency Rate Falls in December
Trepp, New York, noted the overall commercial mortgage-backed securities delinquency rate fell by seven basis points to 4.51% in December.
Apartment Supply at 36-Year High in 2023, RealPage Finds
RealPage Analytics, Richardson, Texas, reported apartment supply jumped to the highest level since 1987 last year, largely due to the influx of construction projects begun a few years ago.
Redfin: Median Asking Rent Continues to Decline
Redfin, Seattle, reported the median U.S. asking rent fell 0.8% year-over-year in December, marking the third consecutive decline.
Sales Increase in Large Master-Planned Communities
New home sales in the largest master-planned communities increased by nearly 14% in 2023 compared to 2022, according to real estate consulting firm RCLCO, Bethesda, Md.
Dealmaker: Mesa West Capital Provides $54M Construction Loan in South Brunswick, N.J.
Mesa West Capital, New York, provided Bridge Industrial a $53.5 million construction loan for Bridge Point 999, a new 292,000-square-foot industrial building in South Brunswick, N.J.
