Industry personnel news from FirstClose and Planet Home Lending.
Category: News and Trends
Dealmaker: Mesa West Capital Supplies $44M for Los Angeles Area Apartment Community
Mesa West Capital, Los Angeles, provided Alliance Residential and PCCP with $43.5 million to refinance Broadstone Los Feliz, a 134-unit multifamily community in Los Angeles.
Redfin: Summer 2025 Saw Strongest Buyer’s Market in Over 10 Years
Redfin, Seattle, released a new report, finding that there were 32.5% more home sellers than buyers in the U.S. in August.
Dealmaker: Marcus & Millichap Capital Corp. Arranges $28M for Seattle-Area Multifamily
Marcus & Millichap Capital Corp., Calabasas, Calif., arranged $28 million in financing for Sunset Terrace, a 108-unit multifamily property in Renton, Wash.
Redfin: New Apartments See Slightly Stronger Demand
Redfin, Seattle, found almost half of apartments built in Q1 were rented out within three months, a slight increase from Q4.
Advocacy Update: Federal Reserve Cuts Interest Rates; Government Funding Update; Capitol Hill Updates; more
This week’s top legislative and policy news from the Mortgage Bankers Association.
Chart of the Week: FOMC Summary of Economic Projections for Fed Funds Rate
Each quarter, the Federal Open Market Committee submit their projections for various economic measures. This month’s projections, shown in the Summary of Economic Projections, include 2028 for the first time.
People in the News, Sept. 22, 2025
Industry personnel news from FirstClose and Planet Home Lending.
Atlanta Federal Reserve Bank: Homeownership Affordability Improves Slightly
Homeownership affordability improved slightly in July as mortgage interest rates moderated, the Federal Reserve Bank of Atlanta reported Friday.
RentCafe: Miami Tops List of Competitive Markets, Chicago Close Behind
RentCafe, Santa Barbara, Calif., found Miami remained the most competitive rental market in peak rental season, but the Chicagoland area is hot, too.