Berkadia, New York, closed $89 million in multifamily property sales in Denver, Colo. and Urbana, Ill.
Category: News and Trends
Zillow Finds Concessions Cool as Spring Rental Season Approaches
Following a winter that saw nearly a third of rental listings offering tenants tempting concessions such as free months of rent or free parking, Zillow, Seattle, said the share of rentals offering perks may have peaked.
Quote: March 26, 2024
“The disparity between mortgage payments and rental costs presents a substantial hurdle for aspiring homeowners.”
–Matt Vance, Americas Head of Multifamily Research for CBRE
CBRE: Renting Less Expensive Than Mortgage Payments
CBRE, Dallas, released a new report finding average mortgage payments are 38% higher than average apartment rents as of year-end.
FHFA Says Nearly 44,000 Troubled Homeowners Assisted During 4Q2023
Fannie Mae and Freddie Mac completed 43,903 foreclosure prevention actions during the fourth quarter, raising the number of homeowners who have been helped to 6.9 million since the conservatorships started in 2008, the Federal Housing Finance Agency reported.
Industry Briefs, March 27, 2024
Industry News from Planet Home, Embrace Home Loans, BlackFin, Argyle, Ladera, Insellerate, Xactus and ICE.
MBA Chart of the Week: CRE Mortgage Debt Across Capital Sources, Property Types
This week’s Chart of the Week shows MBA’s estimates of the distribution of CRE mortgage debt across capital sources and property types and is derived from a variety of public and private sources.
MBA Education Path to Diversity Scholar Profile: Jessica Dehoux
(One in a continuing series of profiles of participants in the MBA Education Path to Diversity (P2D) Scholarship Program, which enables employees from diverse backgrounds to advance their professional growth and career development.)
LendingTree: 1 in 4 Worry Their Home Will Be ‘Uninsurable’ in 2024
More than one-quarter of U.S. homeowners worry their homes will become “uninsurable” as rates continue to increase, reported LendingTree, Charlotte, N.C.
CoreLogic: Year-Over-Year Rent Growth at 2.6% in January
CoreLogic, Irvine, Calif., released its single-family rent index, showing single-family rental costs increased by 2.6% year-over-year in January.