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Commercial/Multifamily Real Estate Fundamentals Stabilize in Q2

NationalMortgageProfessional.com
Sep 30, 2010

The Mortgage Bankers Association (MBA) has released its Commercial Real Estate/Multifamily Finance Quarterly DataBook for the second quarter of 2010. The analysis shows that commercial real estate fundamentals are showing signs of a firmer stabilization as businesses eased job cuts and started to hire, consumers began to re-open their pocketbooks and as households increasingly looked to rent rather than own their homes. In addition, the data points to more solid demand in the multifamily market. Since the end of 2005, Census figures indicate the number of households owning their home has declined by 370,000, while the number of households renting has increased by 3.25 million. Because every percentage point drop in the homeownership rate implies a roughly three-percent increase in demand for rental housing, rental property markets are seeing an increase in demand far in excess of household growth. The DataBook compiles the most up-to-date information on topics of interest to commercial/multifamily real estate finance industry participants and observers, including trends in property sales, originations, delinquencies and mortgage debt outstanding. Click here to view the full Commercial Real Estate/Multifamily Finance Quarterly DataBook. For more information, visit www.mortgagebankers.org.
Published
Sep 30, 2010
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