Housing Proposals from the Harris Campaign

The White House: “Remarks by Vice President Harris at a Campaign Event in Raleigh, NC” [focusing on the economy and touching on housing and rents] – https://www.whitehouse.gov/briefing-room/speeches-remarks/2024/08/16/remarks-by-vice-president-harris-at-a-campaign-event-in-raleigh-nc/ I marshaled a short list of materials to provide a more detailed account of housing policy discussions connected to the Kamala Harris campaign. Amplified by Kamala’s recent remarks…

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Lower Interest Rates “Paving Way for Invigorated CRE Investment”

Institutional Property Advisors: “Interest Rates Trend Lower, Paving Way for Invigorated Commercial Property Investment” This research brief roughly summarizes a lot of what’s being expected and projected in the CRE market: Expecting: A rate cut. Projecting: Lower borrowing costs. Etc. Could it be a 25 basis point or 50 basis point rate cut? Will Ten-Year…

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Cap Rate Predictions and Trump vs. Harris on Housing

Cap Rate Sept 2

The multifamily market continues to work through historic amounts of new apartment supply as the end of peak leasing season approaches, and rent growth could remain below average through the end of this year. At the same time, cap rate estimates suggest higher investor demand moving forward, particularly when factoring in a more favorable debt…

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Gray Report Newsletter: August 29, 2024

Near-Certain September Rate Cut: Multifamily Will “Survive Until 2025.” With a September decrease in the federal funds rate all-but-certain, the contrast between the current moment and future projections grows sharper. The multifamily market continues to work through historic amounts of new apartment supply as the end of peak leasing season approaches, and rent growth could…

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Multifamily Inflection Point? Recession vs. Soft Landing

Multifamily Inflection 08 19

While recent stock market volatility brought about strident calls for relief from the Fed, longer-term trends like the steadily lower yields for Ten-Year Treasuries since May, consistently lower inflation numbers since March, and a slowing labor market are equally if not more persuasive indicators that an interest rate reduction would be appropriate. CRE sales remain…

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Gray Report Newsletter: August 15, 2024

CPI Breakthrough Bolsters CRE Investor Confidence The Consumer Price Index recorded inflation at 2.9% year-over-year, the lowest amount since March 2021, which continues the long progress of decreasing inflation that many CRE investors are linking to a potential interest rate cut from the Federal Reserve in September. While recent stock market volatility brought about strident…

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