SoCal Multifamily Sales Pulse - October 9, 2022 - October 15, 2022

• 17 October 2022
• Mike Lembeck

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

Fed Sees Long-Term Boom in Home Construction Coming. https://link.socalmultifamilybroker.com/AZtR

US economy will soon start losing 175,000 jobs a month, Bank of America warns. https://link.socalmultifamilybroker.com/AZtS

Fed has to choose between economic destruction and inflation: Dutch Masters. https://link.socalmultifamilybroker.com/Aaig

Significant Declines in CRE Sales Volumes Hit in August https://link.socalmultifamilybroker.com/AdFy

‘The worst is yet to come’: IMF issues stark recession warning. https://link.socalmultifamilybroker.com/Aaij

U.S. rent growth is cooling down. But rents still are rising faster than wages, and affordability is going down. Rising interest rates are forcing priced-out homebuyers to continue renting, driving up rental demand.

Realtors predict home prices will drop 9% in 2023. Declines are expected both for house prices and sales as mortgage rates stay high, the California Association of Realtors forecast. https://link.socalmultifamilybroker.com/AbV_

US Core Inflation Seen Returning to 40-Year High as Rents Rise. CPI excluding food, energy probably rose 6.5% from year ago. Report expected to keep Fed on path to big November rate hike.

IMF chief economist: 'Worst is yet to come' for global economy. https://link.socalmultifamilybroker.com/AcEt

‘The mood has turned darker’: Desperate to outrun inflation, people are making big (and easy) changes to their habits. You can too. https://link.socalmultifamilybroker.com/AcG6

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