CBRE, Dallas, reported the U.S. multifamily market’s vacancy rate fell in the third quarter for the first time in more than two years, with renter demand outpacing new supply deliveries.
Category: News and Trends
Dealmaker: Berkadia Secures $111M in Debt, Equity for Florida Apartments
Berkadia, Ambler, Pa., secured $111 million for two new garden-style multifamily communities on Florida’s east and west coasts: Madison Bradenton in Bradenton and Madison Midtown in Melbourne.
People in the News, Nov. 6, 2024
Industry personnel news from Xactus, ServiceLink and Ascribe.
Panel Highlights Recommendations for Changes to RESPA Section 8
DENVER–Fifty years after the passage of the Real Estate Settlement Procedures Act, reforms and clarifications are needed, a panel said at the Mortgage Bankers Association’s Annual Convention & Expo Oct. 28.
Katelynn Harris Walker: Navigating LIHTC Equity–Challenges, Solutions, and the Road Ahead
The Low-Income Housing Tax Credit program has long been one of the most important tools for creating affordable housing across the country. However, recent years have seen significant challenges in ensuring the equitable distribution of LIHTC equity, raising concerns among developers, investors, and policymakers alike.
CAIO: Shepherding the Talent, Technology and Context for Continuous AI Deployment—Mark Dangelo
To address the imperatives and demands for efficiencies and scale, boards and CEOs will increasingly include a highly trained and focused leader–the Chief AI Officer (CAIO).
ATTOM: Zombie Foreclosures Remain Low
ATTOM, Irvine, Calif., released its fourth-quarter 2024 Vacant Property and Zombie Foreclosure Report. It found zombie foreclosures ticked up slightly from Q3, but remain below Q4 2023’s number.
Quote of the Day
“We’ve got such a different marketplace now that we have to be able to adapt this law to the current situation.”
–Brian Levy, Of Counsel, with Katten & Temple, discussing possible changes to RESPA Section 8.
Redfin Finds Young Homeowners More Likely Than Young Renters to Feel Financially Better Off
Around two-thirds of Millennial and Gen Z homeowners say they’re better off financially than they were four years ago, compared to just over half of Millennial and Gen Z renters, according to a new Redfin survey.
Talking Zoning with JLL Value & Risk Advisory’s Becky Gaston
Becky Gaston serves as National Practice Lead, Zoning, with JLL Value & Risk Advisory