“While Americans are experiencing significant economic pressure, we’re seeing signs of remarkable resilience.”
–Dan Brown, Director of Consumer Product Management at KeyBank
Category: News and Trends
JLL: Office Sector Regaining its Central Role in Commercial Real Estate–At a Cost
The office sector has regained a central role in commercial real estate as corporations adjust their hybrid policies to favor in-office attendance, according to JLL, Chicago.
Trepp: CMBS Delinquency Rate Jumps in March
Trepp, New York, reported the CMBS delinquency rate rose in March, with the overall delinquency rate up 35 basis points to 6.65%.
Quote of the Day
“Treasury yields continue to be volatile as economic uncertainty dominates markets. Most mortgage rates finished last week lower, with the 30-year fixed essentially unchanged at 6.70%.”
–Joel Kan, MBA’s Vice President and Deputy Chief Economist
Mortgage Applications Decrease in Latest MBA Weekly Survey
Mortgage applications decreased 1.6% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending March 28, 2025.
April 3–Town Hall with MBA Leadership: The New Administration’s First 100 Days
Please join MBA leadership April 3, 2025 from 3:00 PM-3:30 PM ET for the fourth webinar in a series covering the first 100 days of the Trump administration.
RentCafe: D.C. Still Top City for Renter Interest
RentCafe, Santa Barbara, Calif., released its rental activity report, finding that the nation’s capital once again ranked No. 1 in February.
U.S. Housing Economy Growth to Slow, Fitch Forecasts
The U.S. housing economy growth is poised to decelerate due to cost pressures from higher tariffs and immigration restrictions plus weakening consumer and homebuilder sentiment, according to Fitch Ratings, New York.
Redfin: Competition Increased the Most in Bay Area, New York in February
Redfin, Seattle, found that eight of the 50 most populous metropolitan areas saw an increase in the share of homes that sold for above their original list price in February.
Dealmaker: JLL Secures $58M for Washington Seniors Housing
JLL Capital Markets, Chicago, arranged $58 million in financing for Quail Park of Lynnwood, a 253-unit seniors housing community in Lynnwood, Wash.