Made in the Midwest
Source – CBRE: “Made in the Midwest” Summary The “onshoring” or “reshoring” movement is more closely linked to industrial real estate than apartment real estate, but these plans to bring more manufacturing and production within the country can really transform a market or sub-market. I’m not sure what the effect could be across the country…
GO >CRE Overview: Stable Multifamily, Improving Economy
Source – Moody’s Analytics: “Q1 2024 Preliminary Trend Announcement”Source – The Conference Board: “U.S. Leading Economic Indicators”Source – The Wall Street Journal: “What’s Wrong with the Economy? It’s You, Not the Data” Summary Economy: This isn’t explicitly stated in the Moody’s report, but alongside the GDP revised upward is recent data from the Conference Board…
GO >CPI, Interest Rates, and Blackstone
A 3.5% annual jump in CPI inflation numbers has led investors and experts to rethink their expectations of an interest rate cut in mid-year 2024, but Blackstone’s recent agreement to acquire Apartment Income REIT Corp. for $10 billion could spark greater investment activity in spite of elevated interest rates, especially given the improving fundamentals in…
GO >Getting Excited about a “Normal” Market
Markets in the Northeast and the Sun Belt continue to get attention, along with mountain locales like Idaho and Montana, but affordability is a significant draw for Midwestern markets like Cincinnati and Indianapolis.
GO >Biden Administration Takes on Algorithmic “Rent Gouging”
Source – CNBC: “Biden targets ‘rent gouging’ landlords as high housing costs factor into 2024 race” Right up front here, my take on this is that the Biden campaign is lumping rents in with a more generalized critique of corporations raising prices excessively and contributing to inflation. Getting a little deeper—and if we’re talking about…
GO >Podcast: CPI, Interest Rates, and Blackstone’s $10B Multifamily REIT Acquisition
Listen to the latest episode of The Gray Report Podcast and stay up to date on the most important news and research in the multifamily industry, commercial real estate, and the economy. The Gray Report on Spotify The Gray Report on Google Podcasts The Gray Report on Apple Podcasts
GO >Podcast: Getting Excited about a “Normal” Market
Listen to the latest episode of The Gray Report Podcast and stay up to date on the most important news and research in the multifamily industry, commercial real estate, and the economy. The Gray Report on Spotify The Gray Report on Google Podcasts The Gray Report on Apple Podcasts
GO >Renting vs. Buying – Suburbs vs. Downtown
Costs for homebuyers have been growing at more than twice the rate as rentals, making renting a more affordable option. Buoyed by recent data on apartment fundamentals multifamily investors are re-entering the market, undaunted by persistent high interest rates, last year’s sluggish rent growth, and projections of elevated supply through the end of 2024.
GO >Gray Report Newsletter: April 11, 2024
CPI Runs Hot and Multifamily Re-Ignites A 3.5% annual jump in CPI inflation numbers has led investors and experts to rethink their expectations of an interest rate cut in mid-year 2024, but Blackstone’s recent agreement to acquire Apartment Income REIT Corp. for $10 billion could spark greater investment activity in spite of elevated interest rates,…
GO >Gray Report Newsletter: March 28, 2024
Window of Opportunity for Multifamily Investors? Undaunted by persistent high interest rates, last year’s sluggish rent growth, and projections of elevated supply through the end of 2024, multifamily investors are re-entering the market, buoyed by recent data on apartment fundamentals. Multifamily, the Nation, and the Economy Multifamily, the Nation, and the Economy Owning a Starter…
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