The Urban Land Institute, Washington, released its Real Estate Economic Forecast for Spring 2024. Among the major takeaways–while 2024 is seeing a solid economy, high interest rates continue to weigh on the industry.
Tag: Multifamily
Dealmaker: M&T Realty Capital Corp. Closes Two New York Transactions Totaling $433M
M&T Realty Capital Corp., Baltimore, announced two loans in New York state.
RealPage Survey Reveals Multifamily Fraud Is on the Rise
RealPage, Richardson, Texas, found more than 75% of survey participants report an increase in rental fraud in their multifamily communities in the past year.
Bank Multifamily Asset Quality to Deteriorate Amid Higher Refi Rates: Fitch
Fitch Ratings, New York, said it expects banks’ asset-quality metrics to deteriorate for certain U.S. multifamily loans as borrowers will face elevated risks from higher refinancing rates and valuation pressures as loans mature over the next few years.
Fannie Mae, Freddie Mac Multifamily Officials: Workforce Housing, Property Conditions Key Issues–#MBACREF24
SAN DIEGO–The environment remains challenging but issues such as workforce housing, renter protections and property conditions and insurance are prime topics for Freddie Mac and Fannie Mae, officials from each said during a Feb. 13 session at the MBA Commercial/Multifamily Finance Convention and Expo.
Yardi Matrix: Multifamily Construction Starts Remain Steady, but Slow Slightly
Yardi Matrix, Santa Barbara, Calif., reported that the latest numbers for 2023 multifamily construction starts held up well.
Dealmaker: Berkadia Completes Transactions for Virginia Multifamily Property
Berkadia, New York, completed a $38.5 million sale of a multifamily property in Norfolk, Va.
Berkadia Finds Some Optimism in Commercial Real Estate Industry
Berkadia, New York, released its 2024 Powerhouse Poll, revealing industry members’ perspectives on the commercial real estate industry. The survey found 72% of respondents believed institutional transaction volume will be stronger in 2024.
Yardi Matrix: Rents Fall Again in December 2023
Yardi Matrix, Santa Barbara, Calif., released its Yardi Matrix National Multifamily Report, finding that rents declined for a fifth consecutive month.
CBRE: Affordable Housing Investment Down From 2021, but Still Strong
CBRE, Dallas, found affordable housing investment trends over the past few years have tracked some aspects of the overall multifamily market.