MBA: Commercial, Multifamily Mortgage Delinquency Rates Increase in Third Quarter
Delinquency rates for mortgages backed by commercial properties increased slightly during the third quarter of 2024. This is according to the Mortgage Bankers Association’s (MBA) latest commercial real estate finance (CREF) Loan Performance Survey.
Altus Group: Commercial Real Estate Industry Expectations Mixed, but Show Signs of Optimism
Altus Group, Toronto, released its Q3 Commercial Real Estate Industry Conditions and Sentiment Survey, finding that the number of respondents who cited “deploying capital” as a primary focus over the next 6 months grew to 31%.
Commercial Foreclosures Up Year-Over-Year, ATTOM Finds
Commercial real estate foreclosures remain elevated and are still considerably higher than pre-pandemic figures, according to ATTOM, Irvine, Calif.
CoreLogic: Single-Family Rents Grew 2.4% in August
CoreLogic, Irvine, Calif., found U.S. single-family rents grew 2.4% year-over-year in August. However, that’s the lowest rate of growth since last fall, CoreLogic noted.
Single-Family Housing Starts See Bump in September
The U.S. Census Bureau and U.S. Department of Housing and Urban Development announced new residential construction statistics for September, including that single-family housing starts rose 2.7% from August.
Dealmaker: Mesa West Capital Funds $57M to Refinance New Jersey Senior Housing
Mesa West Capital, Los Angeles, provided $57 million to refinance a senior housing community in Montvale, N.J.
