MBA: 2022 Commercial/Multifamily Lending Down 8%
Total commercial real estate mortgage borrowing and lending fell to $816 billion in 2022, an 8 percent decrease from the record $891 billion in 2021 but a 33 percent increase from $614 billion in 2020, the Mortgage Bankers Association reported Thursday.
Inflation Slows to 5% as Energy Prices Tumble
The Consumer Price Index continued its slowing trend in March, rising by just 0.1 percent from February and by 5 percent from a year ago, the Bureau of Labor Statistics reported Wednesday.
Report Cites Pandemic’s Impact on U.S, Population Shifts
New data on county-level population changes continue to suggest that the coronavirus pandemic had profound and lasting impacts on economic geography—with two million people leaving U.S. cities between 2020 and 2022—according to a report by the Economic Innovation Group, Washington, D.C.
People in the News Apr. 13, 2023: CONVERGENCE Memphis Names Doreen Graves Executive Director
CONVERGENCE Memphis Inc. named Doreen Graves Executive Director, responsible for leading efforts to strengthen ties within the local Memphis community to promote affordable housing and increase Black homeownership.
Dodge Momentum Index Drops
The Dodge Momentum Index of commercial building projects in the planning stage slipped 8.6% in March to 183.7, reported Dodge Data and Analytics, Hamilton, N.J.
MISMO Seeks Comments on Data Governance and Management Program Implementation Resource Package
MISMO®, the real estate finance industry standards organization, seeks public comment on the new Data Governance and Management Program Implementation Resource Package, which includes a series of templates, guides and educational resources that can be used to establish a data governance and management program within an organization.