In Case You Missed It: Week Ending Feb. 24

Class-B rent growth on the rise; Fannie Mae and Freddie Mac set multifamily volume records in 2016; stable growth expected for the commercial real estate sector — and more in this week’s multifamily news roundup. 

How Small Loans Are Busting the Agency Financing Myth

Multifamily Executive – February 23, 2017
“Two years ago, Freddie Mac Multifamily launched a business line dedicated to delivering quick, competitive small apartment financing. With $5 billion funded across more than 2,000 borrowers in two years, it is changing the perception of agency financing.”

Fannie Mae, Freddie Mac Set Multifamily Volume Records

Mortgage Bankers Association – February 23, 2017
“Freddie Mac financed $56.8 billion in loan purchases and bond guarantees in 2016, its highest figure ever. Fannie Mae provided $55.3 billion in multifamily financing, also a record for the GSE.”

Millennial money myths: The truth about homes, cars and ownership

CNBC – February 23, 2017
“When it comes to trying to get inside the head of millennials, don’t buy the buzz about the “don’t own” economy.”

Stable Growth Expected for Commercial Real Estate in 2017

National Association of REALTORS® – February 23, 2017
“Steered ahead by strengthening demand in smaller markets, the commercial real estate sector should remain on stable ground in 2017 and offer decent returns for investors.”

Do we really need a billion parking spaces?

The Business Journals – February 21, 2017
“In many markets, car-centric development and zoning-based parking requirements have left the landscape a wasteland of lonesome pavement. As the sharing economy grows and cities invest more in public transit alternatives, parking needs will continue to shrink.”

Rents Rise Fastest in Class-B Submarkets

National Real Estate Investor – February 21, 2017
“Apartment rents are growing most quickly in working-class, suburban submarkets that apartment developers have avoided.”