SoCal Multifamily Sales Pulse - October 30, 2022 - November 5, 2022

• 07 November 2022
• Mike Lembeck

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.

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Here's What's Happening In The Market, Here’s What This Means For You

HUNKERING DOWN: 89% of Californians with a mortgage have a fixed rate of 5% or less. 71% have a rate of 4% or less. 29% have a rate of 3% or less. With rates around 7% today, more and more homeowners are opting to not move.

More Than a Third of U.S. Small Businesses Couldn’t Pay All Their Rent in October. https://link.socalmultifamilybroker.com/Asw7

Multifamily’s Imminent Down Cycle Is Overdue https://link.socalmultifamilybroker.com/AtrQ

Home prices are falling faster now than in 2006—Redfin’s CEO just revealed why https://link.socalmultifamilybroker.com/AtsT

Fed Hints It Might Slow the Pace of Future Rake Hikes https://link.socalmultifamilybroker.com/AvR8

Yardi Matrix Broadly Revises Multifamily Forecasts Down for 2022 and 2023 https://link.socalmultifamilybroker.com/AvRI

As Buyers and Sellers Haggle Over Pricing, Multifamily Lending Slows https://link.socalmultifamilybroker.com/AvRk

$17B of Office-Backed CMBS Due in 2023 https://link.socalmultifamilybroker.com/AwKL

Interest Rate Increases Lead to Commercial Property Price Declines https://link.socalmultifamilybroker.com/AyvE 

Chart showing % of residents paying over $1,000/month for their cars.

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