MBA’s Actions, Updates Regarding Clarity of OMB Memo
As of close of business on Jan. 29, the White House has rescinded the Office of Management and Budget memo released Jan. 27 addressing federal funding.
MBA: Delinquency Rates for Commercial Properties Increased in Fourth-Quarter 2024
Delinquency rates for mortgages backed by commercial properties increased during the fourth quarter of 2024, according to the Mortgage Bankers Association’s (MBA) latest commercial real estate finance (CREF) Loan Performance Survey.
CREF Policy Update: MBA and State/Local Partners Join Broad Industry Call for Key Small Business Deduction Extension
Commercial and multifamily developments and activities from MBA important to your business and our industry.
Redfin: Amount Renters Need to Earn Drops
Redfin, Seattle, found that renters need to earn $63,680 to afford the $1,592 median asking rent for a U.S. apartment, the lowest amount needed since March 2022.
Investors Poised to Deploy More Capital in 2025: CBRE
CBRE, Dallas, said investors are gearing up to inject more capital into the U.S. commercial real estate market this year, driven by favorable pricing and despite the challenges posed by interest rate fluctuations.
FOMC Holds Rates Steady; MBA Economist Weighs In
The Federal Reserve’s Federal Open Market Committee left interest rates unchanged Jan. 29.
Hotel Construction Reaches Historic High
Lodging Econometrics, Portsmouth, N.H., reported U.S. hotel construction hit a new high in the fourth quarter.
CoreLogic: Single-Family Rent Growth Sees Lowest Annual Increase in 14 Years
CoreLogic, Irvine, Calif., released its Single-Family Rent Index for November, finding that single-family rent growth slowed to 1.5% year-over-year. That’s the lowest annual increase in more than 14 years.
DPR: 172 New Down Payment Assistance Programs in 2024
Down Payment Resource, Atlanta, found 172 new homebuyer assistance programs and 75 new program providers emerged in 2024.
Dealmaker: JLL Arranges $41.65M for Retail Center in Illinois
JLL, Chicago, secured $41.65 million in financing for a grocery-anchored shopping center in Wheaton, Ill.
