Monday, March 14, 2011

Economic Activity Accelerates in Fourth Quarter 2010

Commercial Real Estate Vacancy Rates to Decline but Rent Recovery Delayed
NAR Research shows economic activity accelerated in the fourth quarter of 2010, driven by increased consumer and business spending. While employment remains weak, commercial real estate shows signs of stabilization in most sectors. NAR economists expect most markets' rent will remain soft except for multifamily rentals. Highlights from the report:
  • From the first quarter of this year to the first quarter of 2012, NAR expects vacancy rates to decline 0.5 percentage point in the office sector, 1.3 points in industrial real estate, 0.1 point in the retail sector and 0.9 percentage point in the multifamily rental market.
  • Average apartment rent is projected to grow 3.4 percent this year and another 4.2 percent in 2012.
  • The Society of Industrial and Office Realtors®, in its SIOR Commercial Real Estate Index, shows a notable improvement in market fundamentals.
  • Based on the Bureau of Economic Analysis's second estimate, gross domestic product (GDP) rose 2.8 percent in the fourth quarter.
Read the full report >

Optimistic Outlook for Multifamily Development

RISMEDIA, March 14, 2011—Two quarterly indices produced by the National Association of Home Builders (NAHB) indicate a return to healthy market conditions for both new and existing apartment and condominium buildings.
The Multifamily Production Index (MPI), which tracks developer sentiment about new construction on a scale of 1 to 100, is at 40.8—up more than five full points since the previous quarter and the highest number since the fourth quarter of 2006.
The MPI component tracking developers’ perception of market-rate rental properties is at 51.7—the first time this component of the index has been above 50 since the second quarter of 2007.
The index and all of its components are scaled so that any number over 50 indicates more respondents report conditions are improving than report conditions are getting worse.
The Multifamily Vacancy Index (MVI) shows similar reason for optimism, declining to 33.3, which is the smallest number since the third quarter of 2006—and half of what it was a year and a half ago. Smaller numbers indicate fewer vacancies.
Historically, the MPI and MVI have performed well as leading indicators of U.S. Census figures for multifamily starts and vacancy rates, providing information on likely movement in the Census figures one to three quarters in advance.
“The renewed optimism evident in this index indicates that developers are beginning to increase production in order to meet pent-up demand,” said NAHB Chief Economist David Crowe. “However, the lack of construction financing constrains their ability to do so at levels sufficient to meet that demand.”
“Apartment developers are happy to be back in the business of building new rental apartment homes. The lack of adequate new supply, however, will put inflationary pressure on apartment rents for the next few years,” said Charles Brindell, Chairman of NAHB’s Multifamily Leadership Board and Chairman and CEO of Mill Creek Residential Trust. “We are already seeing increasing rents in several markets across the country.”
For more information, visit www.nahb.org [2].


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Monday, January 24, 2011

1/24 Commercial Second Mortgage Blog

Commercial Second Mortgage Blog
NEW – Conforming Commercial Loans – Nationwide – Fully Amortizing
January 23, 2011 at 2:46 PM
We have a new loan program for commercial income producing properties. Loan size from $250,000 – $8,000,000. Interest rate 5.99, fully amortized over 25 years. LTV up to 65%. Only 1 point. Quick closes – 20 -30 business days.
www.CommercialCapitalFund.com
info@commercialcapitalfund.com
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Mortgage Loan Application TV Commercial by Mpower Media
January 23, 2011 at 2:46 PM
A television commercial, Produced by Mpower Media for Mortgage Loan Application.
For more information visit http://www.mpowermedia.com
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Office Building Commercial Mortgage
January 23, 2011 at 2:46 PM
Office Building Commercial Mortgage
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Refinance And Second Mortgages Interrelated Guidepost
January 23, 2011 at 2:46 PM
http://creditforyu.livejournal.com
As you overcome this article, memorize that the rest of it contains are important information related to commercial mortgage refinance and in some way related to advantage of refinancing mortgages, bad credit, home mortgages refinance or foreclosure mortgage refinance for your analysis satisfaction.
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1/22 Commercial Second Mortgage Blog

Commercial Second Mortgage Blog
Are there REPUTABLE LENDERS who will refinance our mortgage via the internet?
January 21, 2011 at 1:58 PM
We want to refinance our commercial building mortgage and want to find reputable lenders who will work via the internet.
We have a high credit score.
Is there a list somewhere?
Since I asked this, I have found internet lending companies like Quicken Loans, HFA, The Money Store, Countrywide, American Home Mortgage, Washington Mutual. Anybody used any of these, have an opinion of any, or know of others you like?

In my professional opinion, no one in the US is permitted to have an internet only
lending business. why? because of the law of security and many others.
Lenders need to store $.