Top Multifamily and Housing Markets for 2024
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 >Gray Report Newsletter: January 18, 2024
Will the Multifamily Market Reignite? A number of potential scenarios could restart activity in the multifamily market, with rate cuts, pent-up investor demand, loan maturities, and continued operational challenges among the possible factors that could close the buy/sell gap and motivate more apartment property sales. Multifamily asset performance faces near-term pressures from increased apartment supply…
GO >Private Credit and Multifamily Survival
Recent reporting on commercial real estate financing has highlighted the role of private credit in providing funding for CRE sponsors/owners and delaying the need for a capital call, and despite the expectation of interest rate reductions later in the year, it is clear that private credit will remain an important tool in 2024. Newly-published reports…
GO >Podcast: Inflation, Private Credit, and Multifamily Survival
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 >Gray Report Newsletter: January 11, 2024
Private Credit and Multifamily Survival Recent reporting on commercial real estate financing has highlighted the role of private credit in providing funding for CRE sponsors/owners and delaying the need for a capital call, and despite the expectation of interest rate reductions later in the year, it is clear that private credit will remain an important…
GO >Podcast: Timing Interest Rates and the Multifamily 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 >Timing Interest Rates and the Multifamily Market
While the continued surge in newly-constructed apartments is relatively unchanged from 2023, the outlook for 2024 interest rates is less clear. The longer-term prospects for the multifamily market remain strong, but given the continued pressure from apartment supply, investors who speculate on lower interest rates and future asset valuation increases could be vulnerable to short-term…
GO >Gray Report Newsletter: January 4, 2024
Hardened Investors in a Softening Year for CRE The view of multifamily market fundamentals continues to clarify, with near-universal expectations of elevated apartment supply that could extend the current rent growth stagnation through the end of the year. While there is little evidence that rent growth will trend lower in 2024 compared to 2023, an…
GO >Podcast: Key Differences: 2024 vs. 2023 Multifamily 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 >Key Differences: 2024 vs 2023 Multifamily Market
Recent forecasts and expectations for the 2024 CRE and multifamily markets are not very much different than the discussions heading into 2023: Economic uncertainty, expense burdens, high interest rates, and historic amounts of new apartment supply will be major factors for multifamily asset performance next year the same as they were this year, but interest…
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