Collateralized loan obligations rated AAA have seen their average prices rise to 97.6 cents on the dollar, compared with about 97 cents toward the end of last month. That’s close to the lowest on record since the financial crisis, excluding the darkest point in the pandemic.
Residential starts decreased 4.2% last month to a 1.43 million annualized rate after an upward revision to the prior month, according to government data released Thursday. Single-family homebuilding dropped to an annualized 855,000 rate, the lowest since May 2020.
National Mortgage News looks at what 2023 might bring in the world of real estate investment financing. Bisnow looks at the challenges diversity officers face when it comes to CRE firms. These are among today’s must reads from around the commercial real estate industry.
