Total returns for commercial real estate and apartment investment fell in the third quarter, according to statistics from the National Council of Real Estate Investment Fiduciaries.
Financing volume has increased this year, as reflected in the Mortgage Bankers Association’s (MBA) originations volume index. Compared to the same period a year ago, the third quarter financing index is 30 percent higher.
The New York City multifamily foreclosure rate has returned to the second quarter level with respect to the number of properties scheduled for foreclosure auctions.
The seasonally-adjusted September starts of 260,000 units represented the highest level in four years, and a 25 percent gain from last month, according to the National Association of Home Builders (NAHB). Moreover, this rate is likely to be sustainable, according to NAHB. And permits for the same month are at the highest reading since June of 2008.
Read more...APARTMENT MARKET STATISTICS: January 2013 | Multi-Housing News Online
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