JLL Capital Markets, Chicago, recapitalized a 25,000-square-foot content and entertainment studio in Los Angeles, paying off bridge financing and preferred equity investors.
Category: News and Trends
Home Flipping Declines Again, ATTOM Finds
ATTOM, Irvine, Calif., found the rate of house flipping–while still historically high–has fallen to the lowest point in two years.
Bob Broeksmit’s Statement on the Senate Introduction of MBA-Supported Trigger Leads Bill
U.S. Senators Jack Reed (D-RI) and Bill Hagerty (R-TN) introduced the Homebuyers Privacy Protection Act to protect consumers while preserving the legitimate use of trigger leads in appropriate circumstances during a real estate transaction.
Redfin: November Asking Rents Post Biggest Drop in More Than Three Years
Redfin, Seattle, reported asking rents declined 2.1% year-over-year in November–the biggest annual drop since immediately pre-pandemic in February 2020.
Quote: Dec. 15, 2023
“MBA and its members have led the industry in advocating for legislative reforms to stop the unwanted harassment of consumers resulting from trigger lead abuses. We commend Senators Jack Reed and Bill Hagerty for introducing the Homebuyers Privacy Protection Act to protect consumers while preserving the legitimate use of trigger leads in appropriately narrow circumstances during a real estate transaction.”
–MBA President and CEO Bob Broeksmit, CMB
Sponsored Content from CreditXpert: If Millennials Are Not Buying Homes, Where Can Lenders Find Opportunity in this Market?Â
It’s common knowledge that Millennials are primed to be the next wave of homebuyers, stepping into their first homes, and laying down roots. However, a deep dive into macroeconomic data paints a very different picture.
MBA Recognizes 23 Graduates in Inaugural Class of Mortgage Banking Bound Program
MBA Education, the Mortgage Bankers Association education division, recognized 23 graduates in the inaugural year of Mortgage Banking Bound, a certificate program for college students interested in pursuing a career in the residential real estate finance industry.
MBA: Commercial and Multifamily Mortgage Debt Outstanding Increased by $37 Billion in Third Quarter
The level of commercial/multifamily mortgage debt outstanding increased by $37.1 billion (0.8%) in the third quarter of 2023, according to the Mortgage Bankers Association’s latest Commercial/Multifamily Mortgage Debt Outstanding quarterly report.
FOMC Holds Rates Steady
The Federal Open Market Committee held interest rates steady yesterday–as many forecasters had predicted.
Dodge Momentum Index Decreases 1% in November
The Dodge Momentum Index decreased 1% in November to 179.2 (2000=100) from the revised October reading of 181.7, according to the Dodge Construction Network, Hamilton, N.J.