Industry Reports
Gray Report Newsletter: April 18, 2024
Is the Fed Keeping Interest Rates High? Comments this week from Federal Reserve Chair Jerome Powell are among the most forceful indications yet that interest rate cuts may be delayed past initial expectations. While some extreme predictions push the rate cuts all the way out to March 2025, futures data is pointing to July or…
GO >Gray Report Newsletter: April 11, 2024
CPI Runs Hot and Multifamily Re-Ignites A 3.5% annual jump in CPI inflation numbers has led investors and experts to rethink their expectations of an interest rate cut in mid-year 2024, but Blackstone’s recent agreement to acquire Apartment Income REIT Corp. for $10 billion could spark greater investment activity in spite of elevated interest rates,…
GO >Gray Report Newsletter: March 28, 2024
Window of Opportunity for Multifamily Investors? Undaunted by persistent high interest rates, last year’s sluggish rent growth, and projections of elevated supply through the end of 2024, multifamily investors are re-entering the market, buoyed by recent data on apartment fundamentals. Multifamily, the Nation, and the Economy Multifamily, the Nation, and the Economy Owning a Starter…
GO >This Time is Different: Millennials’ Shift from Urban Centers Challenges Back-to-the-City Narrative
Source – Moody’s Analytics: “This Time is Different: A Counter to the Urban Doom Loop Narrative” Mixed-use buildings, “child rearing continues to be delayed into later life,” and “the number of creative professionals, which tend to have a greater proclivity and/or need for urban living, has increased in recent decades” I need to know how…
GO >Podcast: Fed Keeps Rates Steady (and High)—Multifamily Impacts
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 Google Podcasts The Gray Report on Apple Podcasts
GO >Fed Keeps Rates Steady (and High)—Multifamily Impacts
The Federal Reserve has thus far not deviated from its projections of 3 federal funds rate reductions in 2024, but it is in no hurry to start. While current elevated rates are not ideal for multifamily borrowers, multifamily investors with a longer-term view of the apartment market and housing demand have markedly increased their intentions…
GO >Gray Report Newsletter: March 21, 2024
Fed Doesn’t Blink on Interest Rates While the Federal Reserve has thus far not deviated from its projections of 3 federal funds rate reductions in 2024, it is in no hurry to begin these cuts this month. While current elevated rates are not ideal for multifamily borrowers, multifamily investors with a longer-term view of lower…
GO >February 2024 Rental Report: Renting a starter home is more affordable than buying one in all 50 metros
Source – Realtor.com: “February 2024 Rental Report: Renting a starter home is more affordable than buying one in all 50 metros” In every single one of the metros that Realtor.com tracks—every single one—the cost of home ownership is higher than renting. There’s a little bit of strangeness in the title here… “Renting a starter home”?…
GO >Assessing Investor Sentiment: A Window Of Opportunity
Source – CBRE: “Assessing Investor Sentiment: A Window Of Opportunity” I believe that CBRE has felt the winds changing. This is more of a follow-up on their recent investor sentiment survey a few weeks ago, but there are some juicy takeaways here. Some solid analysis, and the first sentence of their summary here is 100%…
GO >Grant Cardone’s Take on the Multifamily Market
Grant Cardone shares his inimitable insights on the current state of multifamily investment and specific markets across the country.
GO >