Commercial/Multifamily Borrowing Increased 59% in Third Quarter, MBA Finds
Commercial and multifamily mortgage loan originations increased 59% in the third quarter of 2024 compared to a year ago, and increased 44% from the second quarter, according to MBA’s Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations.
CREF Policy Update: Republicans Win White House, Senate Majority
Commercial and multifamily developments and activities from MBA important to your business and our industry.
Redfin: Renter Households Outpace Homeowner Households
The number of renter households grew 2.7% in the third quarter year-over-year, to a record 45.6 million, Redfin, Seattle reported.
CBRE: Strong Office Conversion Pipeline Will Boost Downtowns
CBRE, Dallas, said office conversions have had a great 2024, with 73 completed and another 30 scheduled for delivery by year-end–the most since the firm began tracking conversion projects eight years ago.
PwC, ULI: Real Estate Confidence Increasing
Real estate industry leaders are more confident now than a year ago, but they remain cautious, according to Emerging Trends in Real Estate 2025, published by PwC and the Urban Land Institute.
CardRates: Many Young Americans Spending Significantly on Housing
CardRates, Gainesville, Fla., released a survey of millennial and Gen Z Americans, finding 76.32% of respondents are spending more than 31% of their monthly income on housing.
Dealmaker: Dwight Capital Finances $59.9M Loan for California Apartments
Dwight Capital, New York, closed a $59.9 million HUD 223(f) refinance for an apartment community in Davis, Calif.