The Urban Land Institute, Washington, released its Real Estate Economic Forecast for Spring 2024. Among the major takeaways–while 2024 is seeing a solid economy, high interest rates continue to weigh on the industry.
Category: News and Trends
Percentage of Renters Who Think They’ll Never Own Climbs, Redfin Finds
A recent Redfin, Seattle, survey found 38% of U.S. renters don’t believe they’ll ever own a home.
High Resolution Volume Drives CMBS Delinquency Rate Lower, Fitch Reports
The U.S. commercial mortgage-backed securities delinquency rate decreased nine basis points to 2.19% in March, according to Fitch Ratings, New York.
Clarifire’s Jane Mason: Imagination and Automation–Do You Have it?
As mortgage servicers gathered in Orlando in February for the annual MBA Servicing Solutions Conference & Expo, one session, “Executives Discuss Their Challenges and Goals,” revealed a consistent need and desire to reimagine mortgage servicing.
Dealmaker: Dwight Capital, Dwight Mortgage Trust Close Multiple Deals
Dwight Capital and its affiliate REIT, Dwight Mortgage Trust, announced a number of deals in March.
MBA Chart of the Week: Goods and Services Inflation
The week’s news has been around the Consumer Price Index (CPI) release showing that inflation was hotter than expected in March, which is likely to delay the Federal Reserve’s first rate cut in 2024 and contributed to a significant spike in the 10-year Treasury yield to over 4.5%.
Point2: Prices Have Doubled Over Decade in Many Large U.S. Cities
Point2, Saskatoon, Saskatchewan, recently released an analysis finding that prices have doubled in less than 10 years in 68 of the country’s largest 100 cities. Some, such as Detroit, have doubled at a significantly faster rate.
MBA Advocacy Update April 15: VA Releases VASP Program; House Hearings Demonstrate Tax Debate on Expiring Provisions Well Underway
This week’s top legislative and policy news from the Mortgage Bankers Association.
Quote: April 15, 2024
“In 2023, commercial planning decreased while institutional planning notably improved, sitting 29% above year-ago levels in February 2024,”
–Sarah Martin, Associate Director of Forecasting for Dodge Construction Network
Apr. 18: Climate-Change Disclosure Rules and Impact on Mortgage Lending
After much anticipation, the U.S. Securities and Exchange Commission on March 6 voted to adopt final rules that require reporting by public companies of climate change-related disclosure. The rules require public companies to disclose substantial information about the material impacts of climate-related risks on their business, financial condition and governance.