The Differences Between SFR and Multifamily Renters
They largely end up in different places with different demographics.

California Law on Single-Family Lot Splits Ruled Unconstitutional
Judge sides with five cities who challenged law permitting up to four homes on one lot.

Industry Less Optimistic About Cap Rates, Interest Rate Cuts
Two rate cuts or less anticipated by 92% of survey respondents.

Economic News Drives Up the 10-Year Yield With 5% in Sight
Concern about inflation could push the important benchmark level that affects many financing rates to long-held highs.

MBA Reports 47% Decline in CRE Lending Volume for 2023
Higher interest rates, uncertainty about property values, and questions about some properties’ fundamentals led to a steep fall-off in borrowing.

A Tale of Two Cycles and What it Means for the 2024 CMBS Marketplace
CRED iQ analyzed recent loans issued this year and compared them to loans from a decade earlier. 

Southern California Home Price Hits Record $753,000 As Sales Drop
The six-county region's median sales price rose 1.8% in March – and 8% in a year.

CMBS Delinquency Rate Increases Moderately
Total delinquent and specially serviced loan rate–the distress rate–increased “markedly” by 79 basis points to 8.29%. 

US Labor Costs Rise by Most in Year in Sign of Wage Pressures
The employment cost index, which measures wages and benefits, increased 1.2%, the most in a year, after rising 0.9% at the end of 2023.

Apartment Starts Plunge in March
The drop gives some insight into when the excess supply might start to taper.

Retail CMBS Distress Continues to Improve
The sector’s delinquency rate posted a 47-basis point decline in March.

Multifamily’s Tough Times Will Be a Boon for Bargain Buyers
The problems right now are cyclical, not a foundational change like that of office.

Troubled CRE Is Tapering While Sales Out of Distress Increase
But the net total has reached more than $88.6 billion with a potential of almost $206 billion.

Fed Leaves Interest Rates Unchanged Once More, Will Reduce Treasury Holdings
Expect more hawkish rhetoric about inflationary days driving decisions in 2024.

Investors Weigh Whether Prices Have Hit Bottom
Private investors are more optimistic than institutional ones.

CMBS Delinquencies Surge in April, Led by Office
Overall, the delinquency rate increased 40 basis points to 5.07% for the highest level since September 2021.

The Real Problem With Commercial Real Estate Is People Not Coming To Work

US Banks Selling Commercial Real Estate Loans To Get Ahead Of Stress, Diversify
The sales are motivated by a desire to get ahead of problem loans or diversify their loan books away from the sector.

Powell: Rate Hike 'Unlikely' Next Move As Hope For Cuts Fades
 It was nevertheless not the news the CRE community wanted to hear.

Adjustment To Higher Cost Of Capital
A shift that could stabilize market conditions and influence future transactions.

The Fed's 'transitory inflation' is Reaccelerating
Biden's spending is putting the Fed in a 'no win situation'.

Lenders Race to Buy Back Delinquent Multifamily Mortgage Loans
If the outlook for the Fed shifts materially to hikes or no rate cuts for a while, that might lead to a sharp increase in delinquencies.