Cap Rate Predictions and Trump vs. Harris on Housing

The multifamily market continues to work through historic amounts of new apartment supply as the end of peak leasing season approaches, and rent growth could remain below average through the end of this year. At the same time, cap rate estimates suggest higher investor demand moving forward, particularly when factoring in a more favorable debt environment, and persistent housing demand is expected to support a more active and competitive apartment market as the amount of newly-built apartments diminishes through the end of 2024 and into 2025. Sources discussed in this episode: CBRE: “U.S. Cap Rate Survey H1 2024” - https://www.cbre.com/insights/reports/us-cap-rate-survey-h1-2024 Fannie Mae: “2024 Mid-Year Multifamily Market Outlook – Skies Remain Cloudy” - https://www.fanniemae.com/media/53066/display Bisnow: “Harris and Trump Agree On Lowering Housing Costs — But Their Plans Take Radically Different Paths” - https://www.bisnow.com/national/news/multifamily/housing-has-emerged-as-a-top-election-issue-heres-where-harris-and-trump-stand-125615 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. Any offering would be made through a private placement memorandum and would be limited to accredited investors.