Articles tagged with: commercial real estate
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 …
Business, News, Real Estate »
The residential real estate market was still in recovery mode last year, but the national Mortgage Bankers Association reports that commercial real estate showed signs of improvement in 2010.
Actually, commercial markets improved quite a bit, according to the Association. In 2010, bankers reported $118.8 billion in closed commercial loans – up 44 percent from 2009. Multifamily accounted for the largest volume at $48.9 billion while offices were the next highest at $22.6 billion in originations.
In short, it appears there is a significant increase in demand for apartments. That should come …