Borrowing in the U.S. commercial and multifamily sector is projected to reach $576 billion in 2024.

According to the latest data from the Mortgage Bankers Association, the total borrowing and lending in the U.S. commercial and multifamily mortgage sector is anticipated to reach $576 billion in 2024. This reflects a 29 percent increase compared to the estimated total of $444 billion in 2023. Specifically, multifamily lending is projected to increase to $339 billion this year, representing a 25 percent growth from the previous year’s estimate of $271 billion. Looking ahead, the MBA expects the total commercial real estate lending to rise to $717 billion in the coming year, with multifamily lending accounting for $404 billion of that total.

ArabMLS Founder

Ahmed Elbatrawy, who leads the Arab MLS platform, aims to simplify property transactions in the Middle East, paving the way for unprecedented global investment opportunities.

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