Commercial Real Estate & Business News – January 26, 2022

The late summer months of 2021 were very active for commercial/multifamily borrowing and lending. The level of commercial/multifamily mortgage debt outstanding increased by $64.8 billion (1.6%) in the third quarter of 2021, according to the Mortgage Bankers Association’s…»
In 2021, 6,740 new built-to-rent homes were completed—the highest yearly total to date, according to Yardi Matrix data. But, several industry sources, including a new RentCafe study, say the trend is just beginning and growing at a rapid pace. Although single-family rentals are…»
The pandemic’s second year witnessed a robust rebound in rental housing demand, which reduced vacancies and propelled rents higher. Lack of for-sale inventory kept many higher-income renters in their apartments, while the same lower-income folks who suffered the greatest COVID-related…»
The pace of multifamily loan originations is expected to pick up in 2022, as the sector’s stellar performance drives record loans and investment volume hits new highs. Multifamily originations hit an all-time high in the third quarter of last year, according to new research…»
With Phoenix home price growth topping the nation for the 30th consecutive month, experts now expect home sales growth and appreciation to ease by the end of 2022. According to the latest S&P CoreLogic Case-Shiller Indices released Tuesday, Phoenix showed…»