MBA CREF Outlook Survey: Unsettled Markets to Dissipate in 2023
Commercial and multifamily mortgage originators are experiencing an unsettled market for borrowing and lending but anticipate those conditions will slowly stabilize over the course of this year, the Mortgage Bankers Association’s 2023 Commercial Real Estate Finance Outlook Survey found.
Record Share of Home Sellers Offer Concessions to Buyers
The housing market’s about-face from a sellers’ market to a buyers’ market played out in stark fashion in the fourth quarter, with a record share of home buyers asking for—and receiving concessions in home sales, said Redfin, Seattle.
December Private-Sector Employment Up 235,000; Initial Claims at 4-Month Low
Two reports on Thursday show a strong, resilient jobs market despite inflation concerns and volatile economic conditions.
Master-Planned Communities See Sales Decline
RCLCO, Bethesda, Md., reported master-planned communities--just like the broader U.S. housing market--saw a decline in home sales last year compared to 2021.
Dealmaker: MetroGroup Secures $23M for California 1031 Exchange
MetroGroup Realty Finance, Newport Beach, Calif., secured $22.6 million in financing for a southern California 1031 exchange transaction.
