Multifamily Set to Take Off in 2025
After 2+ years of apartment supply dominating the multifamily market, surging demand and the receding wave of newly-built apartments will bring greater balance to the market in 2025. With fundamentals so strong, multifamily investment interest should also increase in the coming year, but recent reporting has found that investment activity remains below historical averages. Stubbornly-high…
GO >Multifamily in 2025: Demand Will Dominate
After 2+ years of apartment supply dominating the multifamily market, surging demand and the receding wave of newly-built apartments will bring greater balance to the market in 2025. With fundamentals so strong, multifamily investment interest should also increase in the coming year, but recent reporting has found that investment activity remains below historical averages. Stubbornly-high…
GO >Housing and CRE in a New Era
Even before the milestone election, prospects for commercial real estate were expected to markedly improve, following projections of lower inflation, lower interest rates, and a labor market that has been bumpy but resilient. Donald Trump’s election has done little to change these prospects, and multifamily investors and operators will be closely following his policy agenda…
GO >Podcast: Extend and Pretend Meets Grim Reality
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 Apple Podcasts
GO >Extend and Pretend Meets Grim Reality
For lenders that are taking the “extend-and-pretend” approach, placing less emphasis on valuation declines, and waiting for lower rates, the risks have not abated, and the New York Fed has taken notice in a new report.
GO >Will Markets Thrive in 2025?
Improving consumer sentiment, growing investor confidence, and continued signs of a robust, stable economy have informed a more optimistic investment outlook on commercial real estate and the multifamily market in particular. Apartment asset performance is as lackluster in 2024 as it was in 2023, but housing demand trends and the steady decrease of newly-delivered apartments…
GO >The NY Fed on the Consequences of Extend and Pretend
Quick highlight from the NY Fed’s report on extend and pretend: There’s a (new) wall of CRE loan maturities set to expire in 2026. How does this compare to the wall of loan maturities that were expected last year but didn’t have that big of an impact? If they extended-and-pretended last year’s loan maturities, can’t…
GO >Podcast: Did HUD Just Open the Floodgates for Loans?
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 Apple Podcasts
GO >Did HUD Just Open the Floodgates for Loans?
Some borrowers and lenders remain under pressure with property values still down from their peak and interest rates still elevated at this point in the rate cycle, with the Department of Housing and Urban Developing proposing more relaxed loan standards, and housing continues to play a sizable role in the political conversation at the height…
GO >Extend-and-Pretend Meets Grim Reality
10-year treasury yields are higher despite the rate cut trajectory from the Fed, and while CRE prices have made some progress recently, some borrowers and lenders remain under pressure with property values still down from their peak and interest rates still elevated at this point in the rate cycle. For lenders that are taking the…
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