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[12 Nov 2011 | 4 Comments | 5,683 views]
Commercial real estate on the rise

Here’s something that may or may not surprise some people – the demand for new commercial and multifamily units almost doubled in the third quarter.
According to the national Mortgage Bankers Association, commercial and multifamily residential loan applications were 98 percent higher in the third quarter this year compared to the same time last year. That increase was driven by gains throughout virtually all commercial real estate categories – a 406 percent increase in loans for hotel properties, a 164 percent increase in loans for retail properties, a 103 percent increase …