Commercial/multifamily real estate pricing and loan performance are seeing improvement, but it is inconsistent, according to the Mortgage Bankers Association.
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While there are some signs of recovery, the speed at which it continues going forward will depend largely on the economic environment, according to a first quarter report on these markets the MBA released Wednesday.
The MBA said economic growth and relatively limited new supply is helping to stabilize CRE markets and transaction volumes have been increasing.
However, property prices are still below their highs and transaction volumes continue to be relatively muted. In addition, most property types continue to see relatively high vacancy rates.
