"April 2026" Archives

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Mortgage applications drop 1.6% as borrower intent shrinks

Mortgage applications decreased 1.6% from one week earlier, according to data from the Mortgage Bankers Association (MBA)’s weekly mortgage applications survey for the week ending April 24. On an unadjusted basis, the index decreased 1% compared with the previous week. The refinance index decreased 4% from the previous week and was 51% higher than the…

Virginia adapts California’s pioneering church-land housing model

Virginia has become the latest state to clear the way for churches and other faith groups to build affordable housing on their land, borrowing a page from a California precedent-setting attainable housing win-win innovation. Virginia-based faith groups have a four-year window beginning Jan. 1, 2027, to start affordable housing projects after the state legislature approved…

Multifamily players spot recovery signs amid risks and headwinds

The multifamily sector faced harsh headwinds over the last couple of years, including stagnant rents and high vacancy rates. A new analysis paints an outlook of cautious optimism, although risks remain.  NAIOP’s Spring 2026 CRE Sentiment Index indicates that commercial real estate leaders expect conditions to slightly improve over the next 12 months. Multifamily developers…