MISMO®, the real estate finance industry’s standards organization, is calling for industry professionals to join a new development workgroup (DWG) focused on creating a MISMO-published Title Pricing Application Programming Interface (API) specification.
Category: News and Trends
Quote: May 31, 2023
“The modest increases in home prices we saw a month ago accelerated in March. Two months of increasing prices do not a definitive recovery make, but March’s results suggest that the decline in home prices that began in June 2022 may have come to an end.”
–Craig Lazzara, Managing Director of Index Investment Strategy at S&P DJI.
MBA Chart of the Week May 30, 2023: Affordability Continues to Erode
MBA recently released its April Purchase Applications Payment Index (PAPI), which revealed that affordability continued to erode in the first four months of 2023.
MBA Update on Debt Limit
Responding to MBA member concerns about the negative market and operational impacts for real estate finance firms in the event of a U.S. debt default, MBA President & CEO Bob Broeksmit, CMB, released the following statement.
MBA Advocacy Update May 30, 2023
This week’s top legislative and policy news from the Mortgage Bankers Association.
MISMO Calls for Participants to Join a New Title Pricing API Workgroup
MISMO®, the real estate finance industry’s standards organization, is calling for industry professionals to join a new development workgroup (DWG) focused on creating a MISMO-published Title Pricing Application Programming Interface (API) specification.
Redfin: For Housing Price Growth Trends, Look Local
Redfin, Seattle, said home price growth trends in spring 2022 hit the highest metro-to-metro variation since the Great Recession.
MBA Update on Debt Limit
Responding to MBA member concerns about the negative market and operational impacts for real estate finance firms in the event of a U.S. debt default, MBA President & CEO Bob Broeksmit, CMB, released the following statement.
Dealmaker: Gantry Closes $61M for Multifamily and Industrial Assets
Gantry, San Francisco, recently secured $41.6 million to refinance a multifamily building in Goodyear, Ariz., and $19.4 million to refinance a maturing CMBS loan on a Richmond, Calif. industrial park.
CBRE Again Raises Forecast for 2023 Hotel Performance
CBRE, Dallas, raised its hotel performance outlook for this year once again, improving its forecast for revenue per available room to $97.89, up 6% year-over-year, and an increase of 43 cents from its previous forecast.