CMF Newslinks Archive

“The strongest gains in employment, [office] occupancy and rents will likely occur where recovery has lagged during this cycle, and where there is little or no construction underway, including many former housing-bubble markets in the south and west.”–CBRE Americas President of Advisory and Transaction Services Scott Marshall.

“We anticipate the new tax law and employment growth will have the most impact on the market in the coming year.”–Berkadia Executive Vice President and Head of Production Ernie Katai.

“[Last year,] we dragged out a baseball analogy…and concluded that the real estate industry was in the late stages of the game, but could be headed into extra innings. [Now,] the game is still going, but there is a clear and palpable difference. –Avison Young Chair and CEO Mark Rose.

“The [stable] statistics camouflage the changes in the retail sector.”–Reis Senior Economist Barbara Byrne Denham.

“Mortgage bankers look to 2018 as another growth year for the commercial and multifamily mortgage markets. The majority of top firms expect a very strong appetite from lenders and a strong appetite from borrowers to drive commercial mortgage originations higher.”–Mortgage Bankers Association Vice President of Commercial Research Jamie Woodwell.

“Modest growth in net operating income, taken together with declines in mortgage rates, resulted in moderate increases in [the Apartment Investment Market Index] from the previous quarter.”–Freddie Mac Multifamily Vice President of Research and Modeling Steve Guggenmos.

“With the so-called ‘wall of maturities’ behind us and a vibrant market for new originations, we are once again seeing more new loans being originated for commercial mortgage-backed securities than we are seeing in old loans paying off and paying down. The result is the largest increase in outstanding CMBS mortgages since the end of 2007.”–MBA Vice President of Commercial Real Estate Research Jamie Woodwell.

“Because of the Rounds Amendment, this package will protect the ability of most Americans to obtain safe, decent shelter and affordable home mortgage credit without disruption. Had this language not been included, the change in tax accounting for mortgage servicing rights would have had a devastating impact on the flow of capital that supports a robust and competitive real estate finance market, both single-and commercial/multifamily. We thank the Senate for its leadership on this issue.”–Mortgage Bankers Association President and CEO David Stevens, CMB.

“It is hard to imagine commercial and multifamily mortgages performing better than they are today. Strong property fundamentals and values and ready credit availability are all helping contribute to this extraordinary performance.”–MBA Vice President of Commercial Real Estate Research Jamie Woodwell

“This long-term reauthorization will provide certainty to homeowners and businesses that depend on the program for flood damage protection. Additionally, this legislation contains important provisions related to the clarification and expansion of the private flood insurance market.”–MBA President and CEO David Stevens, CMB, on House passage of legislation reauthorizing the National Flood Insurance Program.