So Cal Multifamily Sales Pulse - July 21, 2024 - July 27, 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
| Multifamily Distress Could Head for 'Real Estate Armageddon' The problem is values are down and now rents are starting to decline to go flat. |
Economists Say the Chance of a Recession Has Dropped Significantly But multiple economic factors provided conflicting news of health. |
| The Fed Is 'Getting Closer' To Cutting Interest Rates, Top Official Says The Fed will cut rates in the "not-too-distant future" if inflation and the labor market remain favorable. |
Jamie Dimon Says It Would Be Best if the Fed 'Waited Now' for Rate Cuts The Federal Reserve seems increasingly certain that September is the time to start. |
| Multifamily Property Values Fall as Insurance Premiums Climb Nationwide, multifamily property values have dropped 3.6% since the end of 2019. |
High Inflation, Interest Rates Leave Borrowers Struggling with Debt Years of high inflation and interest rates have left U.S. consumers grappling with higher debt, interest payments, and delinquency rates. |
| Bubble Fears Emerge About Trillion-Dollar AI Bet Fueling One Of Real Estate's Hottest Sectors Big Tech’s push to build the infrastructure for generative artificial intelligence has come with an unprecedented trillion-dollar price tag. |
CRE Sentiment Ticks Down And what to expect going forward, according to CREFC’s most recent survey. |
| Multifamily Set for 'Muted' Growth in Freddie Mac Outlook High supply is an issue. |
Apartment Conditions Send Mixed Signals Equity financing continues to be less available, while debt financing and sales volume indicate favorable conditions. |
| The Factors Weighing Down Multifamily Rents and Profit Margins Operating costs and more of a supply and demand imbalance leave landlords with almost zero rent growth. |
Home Sales Drop for June as Hints of a Buyers' Market Emerge Inventory has increased. |
| Multifamily Rent Rebound Continues in Los Angeles Rents tick up for second consecutive quarter, occupancy steady. |
Home Price Increases Slow to a Crawl The rise may be slow, but the dip in mortgage rates and low inventory is likely to keep it steady. |
| Slight Uptick in Unemployment Could Spell Recession A lot will be riding on the July unemployment rate that comes out Aug. 2. |
Criticized Bank CRE Loan Rates Show Rising Risks Some criticized loan rates spike in major metros. |
| Real Estate Market Broken For Everyone Except The Ultra-Rich Deep-pocketed buyers don’t have mortgage rate concerns because they can use cash. |
Vanguard Says Maybe the Fed Will Cut Rates Once This Year Continued economic growth, labor momentum, and stubborn inflation may not give the Fed the space to cut rates. |
| California Homebuying: Collapse? Crumble? Or Crash? June sales were 33% below 34-year average |
U.S. CRE Pricing Starts to Gain After 18 Months of Losses All sectors posted improved annual trends in June, with the exception of apartments. |
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Are Commercial Mortgage Delinquency Rates Stabilizing? Most commercial property types see lower default rates. |
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