{"id":1004688051,"date":"2023-10-31T01:39:23","date_gmt":"2023-10-31T09:39:23","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004688051"},"modified":"2023-11-15T08:57:10","modified_gmt":"2023-11-15T16:57:10","slug":"mba-forecast-commercial-multifamily-lending-expected-to-fall-46-percent-to-442-billion-in-2023","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/mba-forecast-commercial-multifamily-lending-expected-to-fall-46-percent-to-442-billion-in-2023\/","title":{"rendered":"MBA Forecast: Commercial\/Multifamily Lending Expected to Fall 46 Percent to $442 Billion in 2023"},"content":{"rendered":"
\"Source:<\/a>

Source: Mortgage Bankers Association<\/p><\/div>\n

Total commercial and multifamily mortgage borrowing and lending is expected to fall to $442 billion this year, which is a 46 percent decline from 2022\u2019s total of $816 billion. This is according to an updated baseline forecast released earlier this month by MBA.<\/p>\n

Multifamily lending alone (which is included in the total figures) is expected to drop to $285 billion this year\u2014a 41 percent decline from last year\u2019s total of $480 billion. MBA anticipates borrowing and lending next year will increase to $559 billion in total commercial real estate lending, with $339 billion of that total in multifamily lending.<\/p>\n

The logjam in the commercial real estate markets that began last summer has remained firmly in place. Questions about supply and demand dynamics for some properties, the rise and volatility in interest rates, and the low number of transactions and coinciding lack of price discovery have all contributed to a marked decline in demand for new mortgages.<\/p>\n

Unfortunately, those and other factors will likely continue to exert downward pressure on borrowing and lending volumes in the coming quarters.<\/p>\n

Commercial mortgage originations have historically followed property prices, and the uncertainty about the future path of interest rates has been a contributing factor to the current slowdown.<\/p>\n

If interest rates and cap rates were to fall, that should help boost values and promote borrowing. If they remain higher for longer, as is increasingly likely, that will suppress activity.<\/p>\n

This uncertainty is a contributing factor in today\u2019s slowdown.<\/p>\n","protected":false},"excerpt":{"rendered":"

Commercial\/multifamily originations could end the year at just $442B.<\/p>\n","protected":false},"author":1097,"featured_media":1004688052,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[37753,51132],"tags":[],"class_list":["post-1004688051","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-research-center-finance","category-newsletter-graph"],"acf":[],"yoast_head":"\nMBA Forecast: Commercial\/Multifamily Lending Expected to Fall 46 Percent to $442 Billion in 2023 - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/mba-forecast-commercial-multifamily-lending-expected-to-fall-46-percent-to-442-billion-in-2023\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MBA Forecast: Commercial\/Multifamily Lending Expected to Fall 46 Percent to $442 Billion in 2023\" \/>\n<meta property=\"og:description\" content=\"Commercial\/multifamily originations could end the year at just $442B.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/mba-forecast-commercial-multifamily-lending-expected-to-fall-46-percent-to-442-billion-in-2023\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-31T09:39:23+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-15T16:57:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/10\/1123_CPE_MBA.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"582\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jamie Woodwell\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/mba-forecast-commercial-multifamily-lending-expected-to-fall-46-percent-to-442-billion-in-2023\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/mba-forecast-commercial-multifamily-lending-expected-to-fall-46-percent-to-442-billion-in-2023\/\",\"name\":\"MBA Forecast: Commercial\/Multifamily Lending Expected to Fall 46 Percent to $442 Billion in 2023 - 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