The level of commercial/multifamily mortgage debt outstanding increased by $31.4 billion (0.7%) in the second quarter of 2024, according to the Mortgage Bankers Association’s latest Commercial/Multifamily Mortgage Debt Outstanding quarterly report.

Commercial and multifamily developments and activities from MBA important to your business and our industry.

The Federal Reserve cut interest rates by 50 basis points Sept. 18.

A monthly mortgage payment is actually less expensive than rent in 22 of the 50 largest U.S. metros, according to a new Zillow Home Loans analysis.

Over 21 million renter households spent more than 30% of their income on housing in 2023; representing nearly half of the renter households for whom rent burden is calculated, the Census Bureau reported.

RealPage, Richardson, Texas, reported student housing leasing results from August–which wrapped up the Fall 2024 pre-lease season. As of August, 92.8% of beds at the core 175 universities tracked were leased.

Redfin, Seattle, reported mortgage rate locks for second homes fell 13.1% year-over-year in August, to hit the lowest level since March 2016 on a seasonally adjusted basis.

Industry personnel news from Merchants Bancorp, CBRE, JLL and Peachtree Group.

Gantry, Seattle, announced it secured $34.3 million in new loans to refinance four Seattle-area assets owned by different and unaffiliated entities.