Estimated reading time: 0 minutes, 24 seconds

MBA Slashes 2024 Commercial Real Estate Outlook

Monday, Oct 30 2023
Commercial Lending
Written by 

The Mortgage Bankers Association has sharply cut its projections for commercial real estate lending in the year ahead. So reports Credit Union Times.

MBAAccording to the MBA, total commercial real estate production will be $559 billion next year, a 35% drop from $856 billion from its previous forecast.

Delinquency rates for commercial real estate have gone up for four straight quarters, said Jamie Woodwell, the MBA’s head of commercial real estate research.

Read the full article from the Credit Union Times.

Read 509 times
Rate this item
(0 votes)
More in this category: « Commercial Real Estate Woes Persist for Banks Sherman Bridge Kicks Off Fix-and-Flip Loan Marketplace »

FOLLOW US

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.
Ok Decline