National
Mortgage Applications Increase in Latest MBA Weekly Survey
Mortgage applications increased 4.5 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending April 5, 2013.
Economy Watch: Employers Offer More Jobs in February
According to the JOLTS report the number of U.S. job openings at the end of February was 3.9 million, up from 3.6 million January.
TODAY’S DEALS: Centerline Provides a $17.9M Affordable Loan
Centerline provides acquisition financing for an affordable asset; Kennedy Wilson buys a 366-unit property in Utah; and Grandbridge Real Estate Capital closes an $11.3 million first mortgage for a student housing community in Georgia.
Economy Watch: Consumers Still Confident About Housing
Consumers might still be a little leery about the broader economic recovery, but at least they’re fairly confident in the housing recovery.
TODAY’S DEALS: Bascom Acquires Phoenix-Area Asset for $35.2M
Bascom acquires a 352-unit asset in Chandler, Ariz.; Senior Living Investment Brokerage facilitates two Oregon sales; and Lee & Associates closes an eight-unit, $1.4 million sale in Glendale, Calif.
Consumers’ Positive Housing Attitudes Withstand Fiscal Concerns
Consumer confidence in the housing recovery remains firm in the face of budget sequestration and other fiscal policy concerns, according to Fannie Mae’s March 2013 National Housing Survey results.
Economy Watch: Jobs Report Weak, But Not All Bad
March’s jobs report from the Bureau of Labor Statistics was a disappointment for a number of reasons, beyond mere lackluster U.S. job growth for the month itself.
TODAY’S DEALS: Mack-Cali Completes an $88M Acquisition
Mack-Cali completes a Boston-area buy; Venture West Funding arranges $13 million for three Texas assets; and Hudson Realty funds $17 million for the acquisition of a historic industrial building in DUMBO.
Economy Watch: March Job Growth Sputters
The U.S. economy created only 88,000 jobs in March, which was a drop from February.
TODAY’S DEALS: UOB Eagle Rock Buys Historic Connecticut Community
IPA brokers the sale of a 597-unit historic community; DPG Investments arranges a $3.8 million senior bridge loan for a Utah acquisition; and HFF arranges $44 million in construction financing and joint venture equity for a student housing community.