Episode 6: Investment Volume Strong — $370-380B multifamily sales; cap rates stabilizing; capital access improving

Welcome back to What's Hot & What's Not CRE — your daily pulse on commercial real estate in America.Today we're kicking off the week with the latest on multifamily and residential. Here's where things stand heading into 2026.🔥 What's Hot:Supply Wave Peaking — 500,000-600,000 units delivered in 2025; starts down 74% from 2021 peak; 2026 deliveries to drop 60%Absorption Strong — Job growth and population increases driving demand; buy vs rent premium eased to 32%Rent Growth Positive — 2-3% in 2025; 3%+ projected for 2026; 5-year forecast at 3.1% (vs 2.7% pre-pandemic)Midwest & Coastal Outperforming — Columbus led permits (+1,288 YoY); NYC and coastal markets showing strong occupancyInvestment Volume Strong — $370-380B multifamily sales; cap rates stabilizing; capital access improvingVacancy Still Elevated — 4.9-8.2% nationally; peaked at 7.2% in November; expected to drop to ~7.9% in 2026Sun Belt Oversupply — Austin, Phoenix, Nashville, Charlotte still working through excess; some inventories +20% over 3 yearsConcessions Common — High-supply markets offering competitive rents; new Class A hardest hitSingle-Family Cooling — Home price growth just 0.2% quarterly; completions flat at ~1M annualized❄️ What's Not:Takeaway: The supply wave is cresting, absorption is solid, and 2026 is shaping up to be a tighter market.Thanks for tuning in. See you tomorrow!