So Cal Multifamily Sales Pulse - September 15, 2024 - September 21, 2024
Disclaimer: All information contained herein is obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only. We make no claim(s) as to the accuracy or reliability of the information presented. If you wish for us to analyze your specific property or situation please feel free to call or email us anytime.
Here's What's Happening In The Market, Here’s What This Means For You
| Oversupply Risk Diminishes in Most Multifamily Markets The worst may be over as strong demand absorbs a historic wave of supply. |
Expert: CRE Needs Rates to Come Down By 2% Basis point cuts of 25 or 50 won't make a difference if this is the only one. |
| Economists Believe US is Poised for Soft Landing With the interest rate decision expected this week, recession fears diminish. |
Fitch Expects That The Fed Will Enact Cumulative 250 Basis Points Of Cuts In 10 Moves, Spread Over 25 Months One reason we expect Fed easing to proceed at a relatively gentle pace is that there is still work to do on inflation. |
| An Industry On The Ropes: CRE Hopes A Rate Cut Will Get It Back On Its Feet Real estate has been taking punches from all sides for the last few years, and this is the first time they're getting any sort of relief. |
Investors Say They'll Remain on Sidelines Until 2025 Steady or flat values and transaction volumes are expected for rest of 2024. |
| Commercial Property Bank Loan Delinquencies Reach Highest Level In 11 Years Multifamily rates spike in second quarter, spotlighting supply outpacing demand. |
Fed Issues First Rate Cut in 4 Years Multifamily saw the 50-basis point decrease coming. How long until the industry feels its impact is less clear. |
| Fed Cuts Interest Rates at Last; CRE Experts Weigh In The cut was bigger than expected. What does it mean for CRE? |
Fed Cuts Rates, But Is More Needed? Apartment industry leaders say the central bank’s action had already been baked into the 10-year Treasury. |
| Loan Workouts Are Surging This Year A surprise is a growth in full payoffs, but also in extend-and-pretend. |
U.S. Banks See Surge in High-Volatility CRE Loans in Q2 U.S. banks reported 20% more high-volatility commercial real estate (HVCRE) loans in Q2, rebounding from a 3-year low in Q1. |
| CMBS Specialist Predicts Three-Year Cycle of Increasing Multifamily Distress "I think it gets worse before it gets better." |
Fed's Rate Cut Opens Unique Window of Opportunity for Investors For the next 50 days, cap rates and interest rates may align to clear the market. |
| Cap Rates Normalize Amid Stabilizing Market But the Fed's rate reduction may not have an immediate impact on property values. |
Census Bureau Says Almost Half of Renters Are Cost-Burdened And yet many have kept up with rising rents because of increases in household income. |
| U.S. Banks Increase Volume of High-Volatility CRE Loans The distressed property market is just beginning to unfold, with significant challenges still ahead. |
Consumers Turn To Convenience Stores Amid Tepid Growth in Personal Income Retail chains like 7-Eleven, Sheetz, and Buc-ee's are increasingly favored by consumers. |
| Here Are 4 Ways The Federal Reserve's Big Rate Cut Could Change The Housing Market It's unlikely to make a huge difference for those struggling to afford a home. |
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