Property Values, Renovations, and the Shrinking Homebuyer Pool

Interest rate pressures have settled the multifamily market considerably since the beginning of 2022, but the size and persistence of the housing shortage and unaffordability crisis all but ensures that home values will remain elevated in the future. While near-term economic uncertainty continues, the fundamentals of the multifamily market remain strong. MSCI: “US Property Prices…

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An All-Encompassing View of the National Multifamily Market

Four informative reports published this week really help us take stock of the multifamily market as we continue, with great effort, to close out 2022. We’re going to reach the end of this year, and there’s even some bright spots according to some of the stuff that’s in these new reports. Yardi Matrix: “Multifamily National…

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Report: CRE in 2023

PwC and Urban Land Institute’s report, “Emerging Trends in Real Estate: 2023” is an excellent, well-written report that, at the risk of invoking a cliché, has something for industry experts and everyday readers alike. PwC/Urban Land Institute: “Emerging trends in real estate: 2023” – https://www.pwc.com/us/en/industries/financial-services/asset-wealth-management/real-estate/emerging-trends-in-real-estate.html I posted this report last week in the Gray Report…

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Apartment Supply: Where Are They Building and When Will It Be Completed?

A recent report from RealPage describes the enormous amount of apartments in construction currently, with information on some of the markets with record numbers of apartment construction activity. RealPage “Record Apartment Construction Volumes Across the U.S.” – https://www.realpage.com/analytics/record-apartment-construction-volumes-across-the-us/ Apartment construction is a topic that is relevant to specific locations more so, I think, than average…

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Affordable Housing Policies: What Works?

Two recent articles highlight the challenges of making affordable housing projects a reality. The New York Times: “The Way Los Angeles Is Trying to Solve Homelessness Is ‘Absolutely Insane’” – https://www.nytimes.com/2022/10/23/opinion/los-angeles-homelessness-affordable-housing.html This is a very interesting article by Ezra Klein.  Last week, we discussed an article from the New York Times that described the efforts…

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The Rent Revolution, Housing Policy, and the Market

After many years in which downtown, urban spaces were the brightest spot in the metro-area, focus has shifted to the suburbs. But how much has the suburban apartment market grown, and where is this growth the strongest? And what exactly are the technical requirements for to qualify as a suburb? Apartment List puts some data…

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Measuring Suburban Rent Growth

After many years in which downtown, urban spaces were the brightest spot in the metro-area, focus has shifted to the suburbs. But how much has the suburban apartment market grown, and where is this growth the strongest? And what exactly are the technical requirements for to qualify as a suburb? Apartment List puts some data…

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Multifamily Thought Leadership

Gray Capital President Spencer Gray was recently featured in a thought leadership piece from the Indianapolis Business Journal. Follow the link below to learn more of his thoughts on the state of the multifamily market in Indianapolis and prospects for the future. https://www.ibj.com/thought-leaderships/commercial-real-estate-091622

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Multifamily Real Estate Investing During COVID-19

The coronavirus pandemic has disrupted economies, upended daily life, strained social and political life, and most significantly, taken a toll on the life and health of millions. It has affected nearly every facet of our lives. Of course it has impacted the world of multifamily real estate. The economic environment alone has many analysts and…

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