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WASHINGTON, Aug. 27 (UPI) -- Mortgage loan originations continued to rise in the second quarter for both commercial and multifamily real estate, the Mortgage Bankers Association said Friday.
The association said commercial mortgage bankers originated $33.2 billion, up 17.4 percent from the same period a year ago and up 54.1 percent from the first quarter.
"The second quarter extends a period of record capital flows to the commercial and multifamily real estate markets and sets 2004 on pace to exceed 2003's record origination volumes," said Doug Duncan, chief economist of the MBA.
Originations for office and retail properties increased by $2.3 billion and $1.7 billion from a year ago, respectively, or by 41 percent and 38 percent.
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ASUNCION, Paraguay, May 22 (UPI) --
Land-locked Paraguay is hoping the latest investor seeking oil in its promising western region will have better results than previous prospectors.
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WASHINGTON, May 22 (UPI) --
A U.S. Senate committee report has revived controversy over alleged counterfeit Chinese electronic components entering U.S.-made defense equipment and weapons.
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Like housing markets overall, the market for luxury homes is growing tighter as the spring buying progresses. Though still a buyer's market, the ILHM Luxury Housing Report for last week shows a pattern of rising prices and fewer days on market since...
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What if Europe turned out to be the new Japan?
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