4. NotableNotable Key StatisticsKey Statistics
Housing Market:
• Median and average home sales prices for most recent month
were up 2.6% and 2.7% year-over-year.
•New listings were up 18.5%, pending sales were up 23.1%, and
the average number of days on the market, at 84, was down
5.6%.
Job Growth:
•Total non-farm employment as of April 2014 was up 20,200 jobs
(3.3%) from 12 months prior, following a gain barely half as great
—10,300 jobs (1.7%)—over the preceding 12 months
•Leisure and Hospitality- Gain of 9.8%, representing the
net addition of 7,100 jobs.
• The Business Services sector grew at the rate of 8.4%,
representing a net gain of fully 7,800 jobs.
•Construction's 7.5% increase netted the region 2,200 jobs.
•Government suffered an April-to-April loss—a decline of
0.8%, representing 600 job
12. FINANCING SOURCES
O BANKS ( Portofolio)
O CONDUIT CMBS (Secondary Market)
O FNMA, FREDDIE MAC, HUD (Secondary
Market)
O LIFE INSURANCE COMPANIES (Portfolio
Loans)
O CREDIT UNIONS (Portfolio Loans)
13. Apartments Freddie, Fannie
Insurance/Conduit HUD
Credit Union
3.50% to 4.60% 3.50% to 4.75%
Term for HUD 35 Years. 10 Year fixed quoted.
Insurance 5 Year Fixed as low as 3.5%
Office, Industrial, Retail, Anchored Retail, Credit Lease rates and
terms mirror the lenders for Insurance, conduit and credit unions.
Hotels are approximatley .25% higher.
14. PROPERTY TYPE Freddie, Fannie Insurance
HUD Conduit
Credit Union
Apartments 80% to 83% 75%
Office, Industrial NA 75%
Retail (Unanchored) NA 65-75%
Anchored Retail NA 75%
Credit Lease NA 90-95%
Hotel/Motel NA 65%
