Gray Report Newsletter: July 27, 2023

25 BPS Fed Rate Hike: Predicting the Economy for H2 2023 The Federal Reserve raised the federal funds rate by 0.25%, and while Federal Reserve staff “are no longer forecasting a recession,” others are more confident in a recession as the inevitable product of this lengthy period of elevated interest rates. Amidst this continuing economic…

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Rental Housing Resists Office Downturn

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While there has been more optimism about the economy generally, apartment rent growth continues its moderation on a national level, with some notable regional variation. Unlike more costly markets in the West and South, recent apartment rent growth reporting highlights the consistent growth of more affordable multifamily markets in the Midwest, a trend that also…

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Rental Housing Resists Office Downturn

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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

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Gray Report Newsletter: July 20, 2023

Affordable Markets Rise to the Top While there has been more optimism about the economy generally, apartment rent growth continues its moderation on a national level, with affordable markets in the Midwest outperforming more expensive markets in the West and South. Recent rent growth reporting bears this out, and coverage of the home buying market…

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What Will Move Renter Demand in 2023?

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The CPI recorded another substantial drop in inflation, which should ease some financial burdens for renters and could act as a signal to the Federal Reserve Bank that interest rates need not increase any further. The resumption of student loan repayments this August could have a more direct impact on apartment demand, and three separate…

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What Will Move Apartment Demand in 2023?

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

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Gray Report Newsletter: July 13, 2023

What Will Move Renter Demand in 2023? The CPI recorded another substantial drop in inflation, which should ease some financial burdens for renters and could act as a signal to the Federal Reserve Bank that interest rates need not increase any further. The resumption of student loan repayments this August could have a more direct…

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Is the Fed Expecting Distress in the Commercial Real Estate Market?

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New guidance from the Federal Reserve indicates increased attention to the issue of property distress in the commercial real estate market, even as the larger economy shows more positive signs and decreasing inflation. While the office sector is a prominent focus for potential distress, the Fed includes multifamily properties and other CRE property types in…

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Is the Fed Planning on CRE Distress?

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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

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Gray Report Newsletter: July 6, 2023

Does the Federal Reserve Expect CRE Distress? New guidance from the Federal Reserve indicates increased attention to the issue of property distress in the commercial real estate market, even as the larger economy shows more positive signs and decreasing inflation. While the office sector is a prominent focus for potential distress, the Fed includes multifamily…

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