CREF Policy Update: MBA, Trades Send Letter to President Biden Opposing Rent Control Proposal
Commercial and multifamily developments and activities from MBA important to your business and our industry.
Fed Holds Rates Steady Again
The Federal Reserve again held rates steady July 31, noting that there has been “some further progress toward the Committee’s 2% inflation objective” over the past few months.
MSCI: Commercial Property Prices Rise in June
Commercial property prices broke from their pattern of declines in June after a year and a half of losses, according to MSCI, Inc., New York.
RentCafe IDs Cities With Roomiest Apartments on a Budget
RentCafe, Santa Barbara, Calif., recently analyzed which cities feature the largest apartments for $1,500 monthly rent. Topping the list of big cities was Wichita, Kan., followed by Toledo, Ohio.
CREW Survey: Women in Commercial Real Estate Say Deals Currently More Difficult
CREW Network, Lawrence, Kan., released a survey of women in commercial real estate, finding that in the second quarter, 66% said dealmaking was more difficult. That’s up 10% from the year-ago figure.
RE/MAX: Costs Hold Back Eager Millennial, Gen Z Buyers
RE/MAX, Denver, released a new survey finding that 63% of Millennial and Gen Z respondents are ready to become homeowners, but are discouraged by the current environment.
ATTOM: Home Sellers’ Profit Margins Nearly Flat in Second Quarter
ATTOM, Irvine, Calif., released its second-quarter 2024 U.S. Home Sales Report, which showed that home sellers earned a 55.8% profit margin on typical single-family home and condo sales during the second quarter.
Dealmaker: Gantry Secures $40M Loan to Refinance Washington Multifamily
Gantry, San Francisco, secured a $40 million permanent loan to refinance an apartment complex on Mercer Island, a Puget Sound community between Seattle and Bellevue, Wash.