Commercial, Multifamily Mortgage Delinquency Rates Increase in First Quarter
Commercial mortgage delinquencies increased in the first quarter, according to the Mortgage Bankers Association’s latest Commercial Mortgage Delinquency Rates Report.
Trepp: CMBS Delinquency Rate Increased Slightly in May
Trepp, New York, reported that its CMBS delinquency rate rose to 7.08% in May, up five basis points.
CBRE Reports Office Conversions, Demolitions Will Exceed New Construction in 2025–Aiding Office Market Recovery
More office space will be removed from the U.S. market this year than added to it for the first time since at least 2018, which indicates the market is stabilizing, according to CBRE, Dallas.
Apartment Construction Increasing in Smaller Metros
Apartment construction is shifting to counties with lower population densities, the National Association of Home Builders' Home Building Geography Index reported.
RentCafe: Millionaires Increasingly Likely to Rent
RentCafe, Santa Barbara, Calif., found that the number of millionaire renters has tripled since 2019.
Dealmaker: JLL Arranges $136M Refinancing for Fairmont Orchid in Hawaii
JLL’s Hotels & Hospitality Group arranged a $136 million refinancing for the Fairmont Orchid, a 540-key resort on Hawaii’s Big Island.
BofA: 60% of Homeowners, Prospective Buyers Uncertain About Housing Market
Uncertainty among current homeowners and prospective buyers has reached a three-year high, with 60% unsure whether now is a good time to buy a home, compared to 48% two years ago, Bank of America reported.
