Multifamily Has Bottomed. Growth Is Here.

Apartment prices increased a full 4.9% last month, according to recent data from Green Street's Property Price Index, which follows a 2% increase from the previous month and is the strongest positive trend since late 2021. Apartment demand remains strong amid a generational peak in new apartment supply. Weakening (however gradually) inflation, alongside indications from the Federal Reserve that interest rate cuts are a growing possibility, could finally lead to a more active multifamily investment market, but currently, sales activity is relatively low. Sources cited in this episode: Green Street: “Commercial Property Prices Trending Upward” - https://insights.greenstreet.com/hubfs/GSCPPI-20240705.pdf RealPage: “U.S. Apartment Demand Surges in Second Quarter” - https://www.realpage.com/analytics/2nd-quarter-2024-data-update/ Yardi Matrix: “National Multifamily Report, June 2024” - https://www.yardimatrix.com/publications/download/file/5800-MatrixMultifamilyNationalReport-June2024 GlobeSt: “Rent Control’s Impact on Multifamily” - https://www.globest.com/2024/07/08/rent-controls-impact-on-multifamily/ Harvard Joint Center for Housing Studies: “Middle-Income Housing Programs Emerge as Affordability Challenges Climb the Income Ladder” - https://www.jchs.harvard.edu/blog/middle-income-housing-programs-emerge-affordability-challenges-climb-income-ladder 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 Learn more about Gray Capital's latest multifamily investment opportunity: SolanaIndy.com DISCLAIMERS: This video does not constitute professional financial advice and is for educational/entertainment purposes only. This video is not an offer to invest. Any offering would be made through a private placement memorandum and would be limited to accredited investors.