Black Knight, Jacksonville, Fla., said home prices rose by 1.84% in February – nearly four times the 25-year average for the month – marking the 14th month of the pandemic to see greater than 1% monthly growth.
Category: News and Trends
1Q Cap Rates Reach Historic Lows
Cap rates in the single-tenant net lease sector reached historic lows for all three asset classes in the first quarter, said Boulder Group, Northbrook, Ill.
MBA State & Local Workshop in Washington Apr. 25-26
The Mortgage Bankers Association’s State and Local Workshop 2022 takes place Apr. 25-26 at the Renaissance Downtown Hotel in Washington, D.C., just ahead of the MBA National Advocacy Conference.
Return to Office? Still a Work in Progress
Despite growing sentiment among companies, politicians and even cabin fever-infected workers to return to post-covid operations, reports show returning to the office is still a long way from normal.
People in the News Apr. 5, 2022: Luana Slettedahl Joins BlackFin Group as Principal
BlackFin Group, Denver, named Luana Slettedahl as a Principal. She brings 40 years of diversified experience in capital markets, mortgage servicing rights, GSE and Ginnie Mae relationship management and seller/servicer requirements.
Dealmaker: BWE Closes $150 Million in Seniors Housing Loans
Bellwether Enterprise Real Estate Capital LLC, Cleveland, closed five loans totaling $150,963,000 to finance nine assisted living and memory care communities across the U.S.
Retail Reconnaissance: Claudia Steeb and Joe Miller of JLL
MBA NewsLink talked with JLL Capital Markets Managing Director Claudia Steeb and JLL Valuation Advisory Managing Director Joe Miller about the retail sector.
MBA Advocacy Update Apr. 4, 2022
On Monday, the Biden administration released the top-line framework for the Fiscal Year 2023 budget proposal. On Tuesday, the House Financial Services Committee held a hearing on appraisal reform. And on Wednesday, the FDIC released a request for comment on draft principles for safe and sound management of exposures to climate-related financial risk for financial institutions with more than $100 billion in total assets.
FHA Proposes 40-Year Loan Modification Rule
The Federal Housing Administration on Friday published a proposed rule that would increase the maximum modification loan term limit from 360 months (30 years) to 480 months (40 years).
Quote
“After a brief cooling last fall, appreciation has been reaccelerating for the last four months. Three-quarters of the 100 largest U.S. markets – all 100 of which registered double-digit annual appreciation in February, it should be noted – are seeing reacceleration of home price growth.”
–Black Knight Data & Analytics President Ben Graboske.