MBA: Multifamily Lending Declined 49% to $246 Billion in 2023
In 2023, 2,520 different multifamily lenders provided a total of $246.2 billion in new mortgages for apartment buildings with five or more units, according to the Mortgage Bankers Association’s annual report of the multifamily lending market.
Optimal Blue: Rate Lock Volume Up 3.5% in July
Optimal Blue, Plano, Texas, released its Optimal Blue Market Advantage report for July, finding that the overall rate lock volume was up 3.5% month-over-month.
Nearly 90% of Metros Saw Home Price Gains in Second Quarter
Single-family existing-home sales prices rose in 89% of metro areas – 199 of 223 studied – in the second quarter, down from 93% in the previous quarter, the National Association of Realtors reported Wednesday.
