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Category: News and Trends
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Dealmaker: Bellwether Enterprise Closes $41M for Senior Living, Multifamily Assets
Bellwether Enterprise Real Estate Capital, Cleveland, closed $41.1 million in financing for two Texas properties.
Fed Sees ‘Substantial’ Economic Progress This Year
The Federal Open Market Committee yesterday acknowledged a fast-heating U.S. economy, but said it did not expect increases in the federal funds rate before 2023.
Winter Catches Up with February Housing Starts
Housing starts fell in February for the second straight month, HUD and the Census Bureau reported yesterday, with winter weather largely the culprit.
Yearly Home Flipping Sales Fall for 1st Time Since 2014
ATTOM Data Solutions, Irvine, Calif., reported a sharp decline in home flipping in 2020, the first decline since 2014 to the lowest level in nearly five years.
Push to Preserve Small Rental Buildings During the Pandemic
The pandemic has disproportionately affected renters who live in small, unsubsidized multifamily buildings, which makes it more important than ever to preserve these buildings, said the Urban Institute, Washington, D.C.
MBA RIHA Study: Affordability Growing Challenge for Low-, Moderate-Income Renters in Majority of Top 50 Metro Areas
Home prices and rent appreciation have exceeded income growth since the turn of the 21st century. This has created economic obstacles for many American households, especially for low- and moderate-income renters living in cities with recent employment growth but significant housing supply constraints, according to a new report from the MBA Research Institute for Housing America.
JLL, CBRE, KeyBank Lead MBA 2020 Commercial/Multifamily Originators
The Mortgage Bankers Association yesterday released its 2020 Rankings of Commercial/Multifamily Mortgage Firms by origination volumes. The report said JLL, CBRE and KeyBank led commercial/multifamily overall rankings.
MBA Weekly Applications Survey Mar. 17, 2021: Steady Rise in Rates Dampens Activity
Mortgage interest rates continued their slow but steady rise—reaching a nine-month high—putting a damper on refinance applications, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending March 12.