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Category: News and Trends
Auction.com: Foreclosure Auction Volume Hits Six-Quarter High in Q1
Auction.com, Irvine, Calif., found foreclosure auction volume was up 4% annually in the first quarter, to notch a six-quarter high.
CMBS Delinquency Rate Rises in April
Trepp, New York, reported its CMBS delinquency rate rose again in April, up 38 basis points to 7.03%.
Redfin: Gap Between Asking Price, What Buyers Willing to Pay Creeps Higher
Redfin, Seattle, released a report finding that the prices home sellers are asking for and the prices that homebuyers are paying diverge by $39,000–the largest gap since May 2020.
Construction Spending Dips in March
Construction spending dipped during March, the U.S. Census Bureau reported Thursday.
John Lammle Joins MBA as Associate Vice President of Commercial Real Estate Finance
The Mortgage Bankers Association announced that John Lammle has joined the association as Associate Vice President of Commercial Real Estate Finance.
Quote of the Day
“John’s extensive knowledge and experience, including on regulatory and legislative issues pertaining to banking and commercial real estate, will make him an incredible addition to MBA and an asset for our CREF members.”
–MBA SVP of Commercial/Multifamily Policy and Strategic Industry Engagement Jamie Woodwell
Bankrate Reports Renting Increasingly Cheaper Than Buying in Most Metros
Renting remains cheaper than buying a home in all 50 of the largest U.S. metros, with the difference between the two growing in 38 metros since last year, according to Bankrate, New York.
MBA Premier Member Editorial: 10 Things to Know in the Property Market
Market dynamics are putting pressure on U.S. housing, Cotality Chief Economist Selma Hepp writes.
MBA Statement on Senate Bill Introduction to Raise FHA Multifamily Loan Limits
MBA President and CEO Bob Broeksmit, CMB, released a statement regarding the introduction from Sens. Ruben Gallego and Dave McCormick of a bipartisan bill to increase FHA multifamily statutory loan limits.