Multifamily, Commercial Lending To Drop 20% In 2023
The Mortgage Bankers Association has once again adjusted its commercial and multifamily lending expectations downward as economic uncertainty continues to constrain the market. MBA’s latest forecast shows commercial and multifamily borrowing falling 20% in 2023 to $654 billion, down from $816 billion in 2022. This is a $9 billion reduction from its January prediction. Multifamily…