Tough times ahead for commercial and multifamily mortgage markets: MBA
Total commercial and multifamily mortgage borrowing and lending is projected to plunge $700 billion this year – a 5% decline from an expected 2022 total of $740 billion. Multifamily lending alone is anticipated to fall $393 billion this year, down 11% from 2022’s expected total of $439 billion. “Commercial real estate markets are entering 2023 … [Read more…]