Apartment Market Is Still the ‘Belle of the Ball’

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Mortgage Ball, Up 31 Percent”
St. Louis Business Journal (07/30/13) Edwards, Greg

According to the Mortgage Bankers Association (MBA), commercial and multifamily mortgage originations rose 36 percent in the second quarter 2013 from the first quarter and 7 percent on a year-over-year basis. “The apartment market continues to be the belle of the ball, with multifamily mortgage originations running 31 percent ahead of last year’s first half total,” states Jamie Woodwell, MBA’s vice president of commercial real estate research.