The American dream might be shifting in size. Nearly three-quarters of Americans in a recent survey said they would consider living in a tiny home.
Category: News and Trends
Dealmaker: M&T Realty Capital Corp. Closes Two New York Transactions Totaling $433M
M&T Realty Capital Corp., Baltimore, announced two loans in New York state.
CRED iQ: Commercial Loan Modifications Surged in 2023
CRED iQ, Wayne, Pa., reported the number of commercial loan modifications jumped significantly in 2023 from 2022. And, the firm anticipates that trend will persist in 2024.
Unmasking Hidden Costs in Your Mortgage LOS– MeridianLink (sponsored content)
JP Kelly, SVP, Mortgage at MeridianLink®, emphasizes assessing LOS effectiveness and adapting swiftly to market changes for scalable lending.
CoreLogic: January Mortgage Delinquency Rate Near Record Low
CoreLogic, Irvine, Calif., said the U.S. housing market posted an overall delinquency rate of 2.8% in January, approaching a record low.
Construction Spending Dips Again in February
The U.S. Census Bureau reported construction spending dipped again during February to a seasonally adjusted annual rate of $2,091 billion, 0.3% below January’s $2,096 billion figure.
Fitch: Life Insurers CRE Risks Grow; Remain Within Ratings Expectations
Fitch Ratings, New York, said the U.S. life insurance sector has “material exposure” to commercial real estate, but noted insurer ratings are unlikely to move due to potential CRE losses.
Quote: April 2, 2024
“Nationwide, the overall mortgage delinquency rate held steady in January, and the serious delinquency rate fell from a year ago. However, one-third of metros posted an increase in the overall delinquency rate from one year earlier, and a handful reported an increase in serious delinquency rates.”
–Molly Boesel, principal economist with CoreLogic.
Home Affordability Difficult for Average Incomes, ATTOM Finds
Median-priced single-family homes and condos remain less affordable than historical averages in more than 95 percent of U.S. counties, according to ATTOM, Irvine, Calif.
MBA Opposes Biden Administration’s Rent Control Proposal on LIHTC-Financed Multifamily Properties
MBA President and CEO Bob Broeksmit, CMB, released the following statement on the Biden administration’s planned announcement to impose a 10 percent limit on annual rent hikes at properties supported by the Low-Income Housing Tax Credit (LIHTC):