CREF Policy Update: COMBOG Meets on 2025 Commercial/Multifamily Priorities; Advocacy Highlights at #MBAAnnual24
Commercial and multifamily developments and activities from MBA important to your business and our industry.
CBRE: Multifamily Market Sees Vacancy Rate Decline
CBRE, Dallas, reported the U.S. multifamily market’s vacancy rate fell in the third quarter for the first time in more than two years, with renter demand outpacing new supply deliveries.
Redfin Finds Young Homeowners More Likely Than Young Renters to Feel Financially Better Off
Around two-thirds of Millennial and Gen Z homeowners say they’re better off financially than they were four years ago, compared to just over half of Millennial and Gen Z renters, according to a new Redfin survey.
Mohamed El-Erian: U.S. Economy in Better Shape Than Expected
DENVER–Renowned economist Mohamed El-Erian gave his thoughts on the global economic outlook during the Mortgage Bankers Association’s Annual Convention & Expo Oct. 28, noting that the U.S. economy is in a better place than anticipated, especially given recession predictions over the past few years.
How Can AI Actually Help the Mortgage Industry? Annual24 Panel Weighs In
DENVER–It’s no secret that artificial intelligence is an increasingly hot topic, and there are real applications to consider for those working in mortgage banking and related industries, said experts from Amazon Web Services and NVIDIA Corp., at MBA’s Annual Convention & Expo Oct. 29.
BLS: Jobs Close to Flat in October
Total nonfarm payroll inched up by just 12,000 in October, and the unemployment rate was unchanged at 4.1%, per the U.S. Bureau of Labor Statistics.
CoStar Finds Hotel Construction Up for Seventh Straight Month
The number of hotel rooms under construction in the U.S. increased year-over-year for the seventh consecutive month, according to CoStar, Washington, D.C.
Dealmaker: Berkadia Secures $111M in Debt, Equity for Florida Apartments
Berkadia, Ambler, Pa., secured $111 million for two new garden-style multifamily communities on Florida’s east and west coasts: Madison Bradenton in Bradenton and Madison Midtown in Melbourne.
