So Cal Multifamily Sales Pulse - October 13, 2024 - October 19, 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
| More Than Half Of California Renters Challenged By Housing Costs 56% of renters, 35% of homeowners, spend at least 30% of their income on housing. |
CMBS Special Servicing Rate Sees Ninth Consecutive Monthly Increase The rate jumped 33 basis points month-over-month to hit an average of 8.79%. |
| Another $2B Of Office Loans Hit Special Servicing As Rate Of Distress Mounts Interest rates might be coming down, but distress in commercial real estate is still on the rise. |
Orange County Home Listings Asked For Less Money In September – See The Current Median Price Here The median home in Orange County listed for $522,400 in September, down 4.3% from the previous month's $546,000, an analysis of data from Realtor.com shows. |
| Commercial Real Estate: A Cause for Optimism Near-term property performance could be boosted by a resilient economy and continued NOI growth. |
Here’s How Retailers Are Staffing Up For The 2024 Holiday Season With e-commerce expected to surge once again, extra fulfillment center workers are just as critical as store staff for many. |
| California’s Rent Control Ballot Measure Could Reverberate Across The US Experts are paying close attention to California and a question known as Proposition 33 — a proposed repeal of the state’s restrictions on local rent control. |
Goldman Sachs Thinks the Fed Already Hit Its 2% Inflation Target If they're right, what then? |
| Much of CRE Is Moving Toward Greater Stability Says Moody's From superstars and losers to mere mortals, a look at the CRE landscape. |
CRE Benefits from Job Growth, But Fed Rate Cuts May Slow For CRE, rising employment is a positive. |
| CRE in a Period of Normalization Amid Fed Rate Cut While inflation remains a concern, what really matters to CRE is the certainty that is emerging around rates. |
Foreclosure Activity Drops, ATTOM Finds U.S. properties with foreclosure filings are falling, down 2% from the previous quarter and down 13% from a year ago. |
| CMBS Loan Losses Increase in September The average loss severity for loans resolved in September with losses greater than 2% increased to 58.75%, up from 55.20% in August. |
San Francisco Fed President Says Strong Labor Shouldn't Halt Rate Cuts The concern is what to do after inflation returns to 2%. |
| Retailers Expect Strong Holiday Sales Despite Economic Uncertainties Spending on experiences is on the rise. |
Retail Sales Post Better-Than-Expected Gains in September The baseline remains that the Fed will likely cut a quarter of a percent in both November and December. |
| ‘Starting To See The Cracks Emerge’: Why 2025 Could Be A Big Year In The Distressed Multifamily Market Distressed sales and foreclosures are taking far longer to play out than anyone expected. |
Big CRE Deals Face Bigger Struggles Amid High Interest Rates Rising interest rates have slowed investment activity in CRE, with larger deals experiencing greater declines than smaller ones. |
If you're looking for currently available multifamily properties visit:
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for access to all available multifamily listings throughout Southern California.
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