CREF TRACK: Deep Dive - Latest Trends and Conditions

Wednesday, November 19, 2025 4:15 PM-5:00 PM Grand Canyon 12
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Commercial real estate markets have been slowed in recent years by changes in some properties’ fundamentals, uncertainty about property values and stubbornly high interest rates compared to a couple of years ago. Yet, originations have been stronger in 2025. This session takes a deep dive into these changing dynamics and the market outlook for CRE markets as we enter 2026.

Speakers

Speakers

  • Photo of Mike Fratantoni, Ph.D.
    Mike Fratantoni, Ph.D.

    Chief Economist, Senior Vice President, Research and Business Development, Mortgage Bankers Association

    Mike Fratantoni, Ph.D. is MBA’s Chief Economist and Senior Vice President of Research and Industry Technology. In this role, he is responsible for overseeing MBA’s industry surveys, benchmarking studies, economic and mortgage originations forecasts, industry technology efforts and policy development research for both single-family and commercial/multifamily markets. Additionally, Fratantoni is president and member of the Board of Directors of MISMO and serves on the CSP’s Industry Advisory Group and the membership committee of MERS. Prior to joining MBA, Fratantoni worked in the industry in risk management and senior economist roles at Washington Mutual and Fannie Mae.

  • Photo of Judith Ricks, Ph.D.
    Judith Ricks, Ph.D.

    Associate Vice President, Commercial Real Estate Research, Mortgage Bankers Association

    Judith Ricks is Associate Vice President of Commercial Real Estate Research at the Mortgage Bankers Association. In this role, she is responsible for developing commercial and multifamily industry surveys and reports, managing the commercial real estate forecasts, and policy development and research for mortgage markets. Ricks has extensive knowledge of mortgages markets and real estate finance. She has published dozens of economic analysis and reports for academic and policy audiences. Prior to joining MBA, Ricks was Deputy Assistant Director of Consumer and Household Research and Policy in the Office of Research at the Consumer Financial Protection Bureau. She received a Ph.D. in economics from Syracuse University and a B.A. in economics from Vanderbilt University. Ricks also previously served as an adjunct professor at The George Washington University.

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