Nearly 1.3 million residential properties in the United States are vacant, according to ATTOM, Irvine, Calif.
Category: News and Trends
MBA NewsLink Multifamily Roundtable: High Rates, Stalled Rents and New Roofs
As uncertainty dominates discussions about getting deals done, MBA NewsLink convened three multifamily finance executives, Chad Musgrove, John Lloyd and Carl McLaughlin, to get their opinions on where the apartment industry sits and where it’s headed next.
Quote: Oct. 31, 2023
“The combination of high prices, limited inventory and rising interest rates is creating a witches’ brew of trouble for would-be homeowners.”
–Manny Garcia, Senior Population Scientist at Zillow
Yardi Matrix: Student Housing Down From 2022, but Still Strong
Yardi Matrix, Santa Barbara, Calif., reported 95.1% of beds at its “Yardi 200” universities were preleased as of the end of September.
CONVERGENCE Columbus Launches Bloom614 Homebuyer Readiness Program
The Mortgage Bankers Association (MBA) announced that CONVERGENCE Columbus launched the Bloom614 Homebuyer Readiness Program. The pilot program provides an innovative, digital coaching experience for aspiring homebuyers through a partnership with CredEvolv, a credit and debt management technology tool.
CONVERGENCE Partner Profile: Brody Wamble of Simmons Bank
(One in a recurring series about MBA CONVERGENCE, the Mortgage Bankers Association’s affordable housing initiative.)
MBA Chart of the Week: Actual and Modeled CRE Lending ($Billions)
MBA’s latest commercial real estate finance (CREF) forecast anticipates 2023 origination volumes ($442 billion) will come in just a bit more than half of what they were in 2022 ($816 billion).
HUD, Biden Administration Encourage More Commercial-to-Residential Conversions; MBA Weighs In
On Friday, HUD and the Biden Administration announced two updates to increase housing supply and improve housing affordability, including research on commercial-to-residential conversions. Mortgage Bankers Association President and CEO Robert Broeksmit, CMB, weighed in on the announcement.
ALTA Good Deeds Foundation Highlights CONVERGENCE Memphis
The American Land Title Association’s Good Deeds Foundation highlighted CONVERGENCE Memphis with a recent video. The ALTA Good Deeds Foundation awarded a grant to the program last year.
Redfin: Most Respondents Support More Housing, But Many Don’t Want Apartments in Their Neighborhood
A recent Redfin survey finds that nearly 80% of respondents support policies that promote building more housing.