“With this move from the Federal Reserve, MBA is holding to its forecast that mortgage rates are likely to trend down over the course of this year, which should provide support for the purchase market. The housing market was the first sector to slow as the result of tighter monetary policy and should be the first to benefit as policymakers slow – and ultimately stop – hiking rates.” --MBA Chief Economist Mike Fratantoni.

Northmarq’s Midwest investment sales team announced $21.1 million in apartment property sales in Iowa and Missouri.

The outlook for the securitized commercial real estate market improved just slightly in the fourth quarter, the Moody’s Investors Service’s Red-Yellow-Green report said.