Capital Constraints a 'Forced Pause' on Multifamily Development
The withdrawal of traditional lenders from the market has coincided with a steep escalation of construction costs.

CRE Property Prices Fell 3% Year Over Year
But the pace of decline is slowing, according to MSCI.

There's No Reason to Panic About Multifamily
Vacancy is up, values are going down, but long-term demographics are great.

Multifamily Rent Growth Derailing Fed’s Plans To Drop Interest Rates
Many economists believe shelter inflation’s pace will decline through the end of the year.

'Not Out Of The Woods': Big Banks Skirt CRE Calamity For Now
That doesn’t mean there won’t be trouble, just that it hasn’t reared its head yet.

Smaller Banks Reveal Ripple Effects Of Commercial Real Estate Woes
We’re testing the extreme declines in the Great Financial Crisis” of 2007 and 2008,

Almost Everyone Looks at Inflation Wrong: BGO Economist
The important shelter component has some questionable definitions and runs out of sync, making things look worse than they are.

Interest Rates May Not Be High Enough: Vanguard
The so-called neutral rate of interest may have grown enough to need much higher interest rates then policymakers’ assumptions.

Fannie Mae Forecasts ‘Higher for Longer’ Interest Rates, Inflation
‘Higher for longer’ state seems to be an increasingly real possibility in the eyes of market participants, as well as some homebuyers and sellers.

Multifamily Deal Volume Drops 25%
The apartment sector has posted year-over-year transaction declines for seven consecutive quarters.

US Business Activity Cools In April; Inflation Measures Mixed
The slowdown reflected weaker rates of growth in both the manufacturing and services sectors, with activity easing to three- and five-month lows.

Office CMBS Payoffs Are Up, but So Are Defaults
There’s a big drop in the payoff rate for office CMBS loans under $10 million.

Mortgage Rates Reach Five-Month High, Sap Activity
Last week’s 30-year fixed rate hit 7.24%, highest since November: MBA

March Multifamily Starts Drop 43% From 2023
Fading boom and flattening rents emerged from oversupply

Jamie Dimon Thinks Stagflation Is Possible
What worries him is the national debt-to-GDP ratio.

CA Apartment Construction Permits Drop to 10-Year Low
Construction permits for California multifamily fell 22% year-over-year.

Inflation and the Fed Tell Only Part of the Economic Story
“Higher for Longer” interest rate strategy will likely stay in place, there seems to be panic in the streets.