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CREFC Q4 2022 Survey Shows Improving Sentiment for CRE Finance Markets

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The CRE Finance Council (CREFC), the industry association that exclusively represents the $5.5 trillion commercial and multifamily real estate finance industry, announced the results of its Fourth-Quarter 2022 CREFC Board of Governors (BOG) Sentiment Index. The Sentiment Index, initiated in the fourth quarter of 2017, captures the pulse of various industry constituents, including balance sheet and securitized lenders, loan and bond investors, private equity firms, debt funds, servicers, and rating agencies. CREFC’s quarterly

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Housing Sector Awaits Improvement in Affordability; Modest Recession Still Expected

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Elevated Mortgage Rates and Home Prices Expected to Continue to Limit Housing Activity Despite ending the year on a stronger-than-anticipated footing, the economy is still expected to slip into a modest recession beginning in the first half of 2023, according to the January 2023 commentary from the Fannie Mae (OTCQB: FNMA) Economic and Strategic Research (ESR) Group. The ESR Group views the current rate of consumption as unsustainable relative to disposable income and forecasts

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Home Prices Post Small Increase as Mortgage-Rate Drop Attracts Buyers

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An increase in home searches and tours at the end of 2022 is starting to translate into purchases as mortgage rates fall. Mortgage applications are up 25%, and the slowdown in pending sales is easing. The median U.S. home-sale price increased 0.9% from a year earlier to $350,250 during the four weeks ending January 15, the biggest increase in a month, according to a new report from Redfin (redfin.com), the technology-powered real

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Renting More Affordable Than Homeownership Across Most Of The Nation In 2023

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Rents Rising Faster Than Home Prices in Almost Half the U.S.; Both Renting and Owning Unaffordable for Average Workers Throughout the Country; Renting Still More Manageable in Vast Majority of Markets ATTOM, a leading curator of real estate data nationwide for land and property data, released its 2023 Rental Affordability Report, which shows that the average three-bedroom rent is more affordable than owning a comparably sized median-priced home in 210, or 95 percent, of

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Sharestates Launches Global Varied Term Fund

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Sharestates, a leading real estate financial technology (fintech) platform, announced the expansion of its investment offerings to include the “Sharestates Global Varied Term Fund” a Pre-Origination Note Fund (PONF). Sharestates’ PONF will act as a funding vehicle to originate and sell commercial business purpose loans originated and serviced by Sharestates. With a fixed interest rate and 6-, 9-, and 12-month terms, the short duration and unique nature of the PONF

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Census Data Show Individuals Continue to Own Largest Share of Single-Family Rental Homes

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According to data released as part of the Census Bureau’s 2021 Rental Housing Finance Survey (RHFS), individual owners account for approximately 72.53% of all single-family rental homes in the United States, the largest share of any ownership group. The share of homes owned by individuals in the 2021 survey marked a slight increase from the 2018 survey when individuals owned approximately 72.50% of single-family rental homes. The next largest share of

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