Commercial/Multifamily Market Feels Impact of Continued Economic Pressures

Residential News » Residential Real Estate Edition | By Michael Gerrity | September 30, 2009 9:40 AM ET

(News Source: Mortgage Bankers Association)

(WASHINGTON, DC)- The Mortgage Bankers Association (MBA) today released its Commercial Real Estate/Multifamily Finance Quarterly Data Book for the second quarter of 2009. The analysis focuses on how the continued economic downturn in the United States placed further pressure on the commercial and multifamily real estate markets during the second quarter.  While the second quarter likely marks the recession's end, it also marks a very low point in terms of jobs, consumer spending, industrial production and other drivers of commercial real estate demand. As a result, various areas of the commercial/multifamily real estate market have been impacted including originations, mortgage debt outstanding and mortgage performance.

The Data Book compiles the most up-to-date information on topics of interest to commercial/multifamily real estate finance industry participants and observers including trends in property sales, originations, delinquencies and mortgage debt outstanding.

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