CBRE, Dallas, forecasts that hotel revenue per available room will grow steadily in 2025 and urban locations will outperform due to improved travel and the recovery of inbound international travel.
Category: News and Trends
MBA Sends Letter to Senate Banking Committee on CFPB Director Nominee Jonathan McKernan
The Mortgage Bankers Association sent a letter to Senate Banking Committee leadership to express the real estate finance industry’s strong support for the nomination of Jonathan McKernan to be the next Director of the Consumer Financial Protection Bureau.
MISMO Seeks Comment on New Appraisal Procurement Dataset Specification
MISMO, the real estate finance industry’s standards organization, announced that it is seeking comment on its new Appraisal Procurement Dataset Specification. The 30-day comment period for this implementation guide runs through March 27, 2025.
S&P CoreLogic Case-Shiller Index Up 3.9% in December
The December S&P CoreLogic Case-Shiller Indices reported home prices were up 3.9% annually, a slight increase from 3.7% the previous month.
LendingTree: Young Homeowners Underrepresented in Largest Metros
LendingTree, Charlotte, N.C., released a new study finding that only 3.1% of Americans under 30 have a mortgage in the 50 largest U.S. metro areas.
About the MISMO Innovation Investment Fee
MISMO, the real estate finance industry’s standards organization, launched the Innovation Investment Fee in 2021 to allow lenders to support the important work necessary to foster efficiency, cost reduction, interoperability, digital transformation and innovation in the mortgage process.
Quote of the Day
“There are more homes for sale right now than in recent years and that has led to buyer’s markets in many areas of the country. That’s good news, but it doesn’t mean homes are getting cheaper—prices continue to tick up each month.”
–Redfin Economics Research Lead Chen Zhao
CoreLogic: Annual Single-Family Rent Growth Remains Below 2% in December
Single-family rent prices increased 1.8% year over year in December, up slightly from the previous month’s 1.5%–which had marked a 14-year low for rent growth–according to CoreLogic, Irvine, Calif.
Dealmaker: JLL Arranges $1.1B for 3 Bryant Park in Midtown Manhattan
JLL’s Capital Markets group arranged a $1.125 billion refinancing for 3 Bryant Park, a 1.2 million-square-foot office tower in Midtown Manhattan’s Bryant Park market.
First American’s Sarah Frano on AI-Driven Fraud: The Hidden Threat in Real Estate
The tools and technologies powered by artificial intelligence continue to evolve rapidly, and while the real estate industry is harnessing AI to automate everything from property valuations and predictive analytics to customer relationship management and fraud prevention, scammers are harnessing AI to identify targets, rapidly scale their schemes and avoid detection.