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What happened, and who moved.

MSCI reports that commercial property prices increased in June, marking the first gain after 18 months of consecutive declines.
Mortgage applications decreased 3.8 percent for the week ending June 12, 2026, on a seasonally adjusted basis.
Commercial and multifamily mortgage debt outstanding increased 53.4 billion dollars, or 1.1 percent, to 4.93 trillion dollars at the end of the third quarter of 2025. Multifamily mortgage debt alone rose 40.3 billion dollars to 2.24 trillion dollars.