2024 Multifamily Lending Forecasts Get Interesting

New data showing that multifamily loan originations are down 50% from last year (and down by 40% compared to pre-pandemic 2019 numbers) joins a growing discussion about the changing state of multifamily lending, and a recent report suggests that rent growth patterns are stabilizing and trending toward historical norms. Sources discussed in this episode: Mortgage Bankers Association: “Quarterly Survey of Commercial / Multifamily Mortgage Bankers Originations | Q3 2023” - https://www.mba.org/docs/default-source/research-and-forecasts/cmf-originations-index/3q23cmforiginationssurvey.pdf RealPage: “After Rapid Cooldown, Apartment Rents Plateau (For Now)” - https://www.realpage.com/analytics/october-2023-data-update/ Cushman & Wakefield: “Multifamily Monthly: Preferred Equity Update” - https://www.cushmanwakefield.com/en/united-states/insights/multifamily-monthly Reuters: “US regulators agree to ramp up oversight of systemically risky non-banks” - https://www.reuters.com/business/finance/us-financial-regulators-approve-process-revive-systemically-important-non-bank-2023-11-03/ Bisnow: "REPORT: Freddie Mac Investigating Meridian Capital" - https://www.bisnow.com/national/news/capital-markets/freddie-mac-begins-investigation-of-meridian-capital-121524 For the latest multifamily news from across the internet, visit the Gray Report website: ⁠https://www.grayreport.com/⁠ Sign up for our free multifamily newsletter here: ⁠https://www.graycapitalllc.com/newsletter⁠ DISCLAIMERS: This podcast does not constitute professional financial advice and is for educational/entertainment purposes only. This podcast is not an offer to invest.