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While Arizona shed about 20,000 jobs from April to May this year, the state still boasted a healthy year-over-year growth rate, according to data from the Bureau of Labor Statistics. Year over year in May, Arizona added nearly 76,000 jobs, which was good enough for a 2.9 percent growth rate. That marks sixth best in the country.…»
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A combination of these factors is resulting in a 19% decline in the average size of a conduit deal that priced in the first five months of 2016 compared with last year, to the lowest levels since 2010, Hill said. While fewer loans are being originated, the velocity of deals brought to market has surprisingly increased, resulting in more conservative underwriting standards for 2016 vintage deals as compared with 2015 and 2014.…»
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Commercial real estate professionals have been wondering how the market would deal with the wave of commercial mortgage debt maturing in the next year and a half, particularly at a time when lending standards are considerably more conservative than they were 10 years ago.…»
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Investors are still eager to buy apartment properties, but they just aren’t as eager to pay quite so much for them. “Deal volume is pulling back as buyers and sellers are simply moving further apart on pricing expectations,” says Jim Costello, senior vice president with New York City-based research firm Real Capital Analytics (RCA)…»
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Apartment volume fell for the fourth straight month in May-dropping 27% year over year, to $8.4 billion, according to Real Capital Analytics. All property segments are slowing down. “Transactions involving portfolios and entity-level deals led the decline in May, with volume down 51% year over year on sales of $1.1 billion…»
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