The landscape of CRE has undergone significant transformations throughout the year. This CRE market update delves into key trends and insights to help industry professionals understand the current landscape and what to expect for the last quarter of 2023.
Lending Momentum
The market saw a 5% quarter-over-quarter decline in commercial real estate lending momentum between Q1 and Q2, reflecting a substantial 52% year-over-year (YOY) decrease.
Agency Allocations
Government-sponsored entities like Freddie Mac and Fannie Mae are currently operating at less than 75% of their allocated $75 billion each. However, they appear comfortable with this situation, prioritizing profit over volume in a departure from previous cycles.
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