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Jeffrey Weidell, CEO of Northmarq and MBA 2024 COMBOG Chair, Testifies Before the House Committee on Oversight & Accountability’s Health Care & Financial Services Subcommittee
Jeffrey Weidell, CEO of Northmarq and 2024 Mortgage Bankers Association (MBA) COMBOG Chair, testified April 30 at a hearing titled, “Health of the Commercial Real Estate Markets and Removing Regulatory Hurdles to Ensure Continued Strength,” before the House Committee on Oversight & Accountability’s Subcommittee on Health Care & Financial Services.
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CREF Policy Update May 2: HUD Increases Floodplain Management Standards
Commercial and multifamily developments and activities from MBA important to your business and our industry.
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Zillow: Number of Rent-Burdened Households Significant; BIPOC Renters Most Affected
A new report released by Zillow, Seattle, found that nearly half of U.S. renter households in large metro areas are “rent-burdened.” And, BIPOC renter households are more likely than others to fall into that category.
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CMBS Delinquency Rate Increases Moderately
The delinquency rate among KBRA-rated U.S. commercial mortgage-backed securities increased moderately in April to 4.67%, according to KBRA, New York.
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Realtor.com Finds Rents Declined in March, Again
Realtor.com, Santa Clara, Calif., found rents declined in March for the eighth straight month, with year-over-year prices down 0.3%.
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Auction.com: More Auction Buyers Expect Price, Rent Declines
Auction.com, Irvine, Calif., released its 2024 Buyer Insights Report, highlighting that 40% of buyers buying distressed properties at auction expect home prices to decline in 2024.
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Hotel Development Pipeline Reaches Record High
The hotel development pipeline continues to grow, according to data firm Lodging Econometrics, Portsmouth, N.H.
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Dealmaker: Cushman & Wakefield Arranges $45.7M for Cleveland Office Property
Cushman & Wakefield, Chicago, arranged acquisition financing totaling $45.75 million for an office tower in Cleveland.