MBA Forecast: Higher Rates, Uncertainty to Slow Commercial/Multifamily Lending
Total commercial and multifamily mortgage borrowing and lending is expected to fall to $504 billion this year, a 38 percent decline from 2022’s $816 billion total. This is according to an updated baseline forecast released by the Mortgage Bankers Association.
CoreLogic: Home Price Growth Inches Up in June
Annual home price growth inched upward in June but remained near an 11-year low, CoreLogic reported.
CBRE: Multifamily Market Continues to Stabilize
CBRE, Dallas, found the multifamily market showed signs of stabilization in the second quarter.