EPISODE · Aug 24, 2023 · 1H 17M
Interest Rate Uncertainty Slows Apartment Sales to a Crawl
from The Gray Report Podcast · host Spencer Gray
Multifamily capital markets have seen the greatest drop in transaction activity compared to other CRE sectors, but all CRE markets have seen lower sales numbers in the current interest rate environment. As members of the Fed meet in Jackson Hole, the potential for an extended high-interest-rate regime could have a significant impact on commercial real estate. Sources discussed in this episode: All In Podcast: E142, "Real Estate Capital Crunch" - https://youtu.be/dlzobkV_CgU?si=kLdb9kKeuYO-Ch__&t=3695 Financial Times: “‘Higher-for-longer’ rate debate to dominate Jackson Hole meeting” - https://www.ft.com/content/ead217db-a833-4837-b2d7-dcc563a54f90 Freddie Mac: “Economic, Housing, and Mortgage Market Outlook – August 2023” - https://www.freddiemac.com/research/forecast/20230817-economic-housing-and-mortgage-market-outlook-august-2023 Colliers: “Capital Markets U.S. Snapshot | Q2 2023” - https://www.colliers.com/en/research/capital-markets-us-snapshot-q2-2023 Apartment List: “Rents Are Falling, but They're Falling Slower In the Suburbs” - https://www.apartmentlist.com/research/rents-are-falling-slower-in-the-suburbs 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 video does not constitute professional financial advice and is for educational/entertainment purposes only. This video is not an offer to invest.
What this episode covers
Multifamily capital markets have seen the greatest drop in transaction activity compared to other CRE sectors, but all CRE markets have seen lower sales numbers in the current interest rate environment. As members of the Fed meet in Jackson Hole, the potential for an extended high-interest-rate regime could have a significant impact on commercial real estate. Sources discussed in this episode: All In Podcast: E142, "Real Estate Capital Crunch" - https://youtu.be/dlzobkV_CgU?si=kLdb9kKeuYO-Ch__&t=3695 Financial Times: “‘Higher-for-longer’ rate debate to dominate Jackson Hole meeting” - https://www.ft.com/content/ead217db-a833-4837-b2d7-dcc563a54f90 Freddie Mac: “Economic, Housing, and Mortgage Market Outlook – August 2023” - https://www.freddiemac.com/research/forecast/20230817-economic-housing-and-mortgage-market-outlook-august-2023 Colliers: “Capital Markets U.S. Snapshot | Q2 2023” - https://www.colliers.com/en/research/capital-markets-us-snapshot-q2-2023 Apartment List: “Rents Are Falling, but They're Falling Slower In the Suburbs” - https://www.apartmentlist.com/research/rents-are-falling-slower-in-the-suburbs 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 video does not constitute professional financial advice and is for educational/entertainment purposes only. This video is not an offer to invest.
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Interest Rate Uncertainty Slows Apartment Sales to a Crawl
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