24Research pieces indexed
Latest Jun 18, 2026
Global Real Estate Intelligence is a neutral index of publicly available research. All rights in Mortgage Bankers Association’s work remain with Mortgage Bankers Association; we link to the original.
MBA's quarterly Commercial/Multifamily Mortgage Debt Outstanding report finds total debt rose $26.3 billion (0.5%) to $5.02 trillion in Q1 2026, with multifamily debt up $23.0 billion to $2.32 trillion.
Mortgage applications decreased 3.8 percent for the week ending June 12, 2026, on a seasonally adjusted basis.
MBA's complimentary Commercial Mortgage Delinquency Rates report analyzes delinquency trends across the five largest investor groups—banks/thrifts, CMBS, life companies, Fannie Mae and Freddie Mac.
Drawing on MBA's 2025 Annual Origination Volume Summation, this chart shows CRE lending recovered to roughly $706 billion in 2025, a 40% increase over 2024, led by depositories and agency lenders.
MBA's Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations shows Q1 2026 originations up 52% year-over-year, led by an 80% rise in depository lending.
MBA's 2025 Commercial Real Estate/Multifamily Finance Annual Origination Volume Summation estimates total CRE borrowing and lending reached $706 billion in 2025, a 40% increase over 2024.
Commercial and multifamily mortgage debt outstanding rose 1.5 percent, or 75.2 billion dollars, to 4.99 trillion dollars in the fourth quarter of 2025. Multifamily debt grew 57.3 billion dollars during the quarter and 142.9 billion dollars for the full year.
Based on MBA's 2025 Commercial Real Estate Survey of Loan Maturity Volumes, 17% ($875 billion) of the $5.0 trillion in outstanding commercial mortgages is scheduled to mature in 2026, down 9% from 2025.
MBA's annual CREF Forecast projects total commercial mortgage origination volume to rise 27% to $805.5 billion in 2026, with multifamily originations climbing to $399.2 billion.
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.
Commercial and multifamily mortgage debt outstanding increased 47.1 billion dollars, or 1.0 percent, to 4.88 trillion dollars at the end of the second quarter of 2025. Multifamily mortgage debt rose 27.7 billion dollars to 2.19 trillion dollars.
Commercial and multifamily mortgage debt outstanding increased 46.8 billion dollars, or 1.0 percent, to 4.81 trillion dollars at the end of the first quarter of 2025. Multifamily mortgage debt rose 19.9 billion dollars to 2.16 trillion dollars.
MSCI reports that rising insurance premiums are increasing commercial real estate operating costs and reducing net operating income across the sector.
MSCI reports that commercial property prices increased in June, marking the first gain after 18 months of consecutive declines.
Real Capital Analytics reported that the annual rate of decline in U.S. commercial property prices slowed in early 2024.
MSCI's RCA Commercial Property Price Index fell 11.2% year-over-year in May, reflecting continued annual declines across all major commercial real estate sectors.
MSCI reports that commercial property prices declined 7% from the prior year in February, with apartment sector weakness driving the steepening decline.
Real Capital Analytics reported that U.S. commercial property prices declined in October while remaining above year-ago levels.
Real Capital Analytics reports U.S. commercial real estate property prices grew at double-digit rates in June amid sustained demand.
A comprehensive annual research report by the Mortgage Bankers Association analyzing multifamily lending activity, trends, and market conditions.
Data tracking annual maturity volumes for commercial and multifamily loans, providing insight into debt refinancing cycles and capital market timing.
MBA's quarterly research series tracking the level of commercial and multifamily mortgage debt outstanding by capital source, with a downloadable latest report.
Comprehensive quarterly data and analysis on commercial real estate and multifamily market metrics from the Mortgage Bankers Association.
Regularly updated survey tracking weekly mortgage application volumes and trends from the Mortgage Bankers Association.
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Geographies that turn up most often in Mortgage Bankers Association’s published research.