The MBA has updated its commercial real estate forecast for 2024, as total commercial and multifamily mortgage borrowing and lending expected to rise 29% from 2023’s estimated total of $444 billion.
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This as the commercial and multifamily mortgage origination markets enter 2024 on unstable footing, with a new MBA poll reporting that 90% of respondents described today’s market as either “somewhat” or “very unsettled.”
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Commercial real estate looks to be on the leading edge of revitalization, according to comments made by Lawrence Yun, the Chief Economist for the National Association of Realtors. Read on to see what he’s predicting for the months ahead.
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“Westcor Specialty will create products and services to tap into new segments of the marketplace and will have a strong focus on technology,” explained Mary O’Donnell, President and CEO of Westcor Land Title Insurance Company.
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Massachusetts Attorney General Martha Coakley secured a court order this week that prevents a local mortgage broker—Lehi Mortgage Services Inc.—from transferring company assets or destroying documentation that will likely be utilized in the Attorney General’s investigation of the mortgage brokerage.
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