EPISODE · Jul 28, 2023 · 1H 17M
Predictions for H2 2023: The Economy and the Apartment Market
from The Gray Report Podcast · host Spencer Gray
The Federal Reserve raised the federal funds rate by 0.25%, and while Federal Reserve staff "are no longer forecasting a recession," others are more confident in a recession as the inevitable product of this lengthy period of elevated interest rates. Amidst this continuing economic uncertainty, the multifamily market has shown solid demand. That being said, nationwide rent growth projections are more subdued compared to historical averages, but Northeast and Midwest markets continue to outperform. Sources discussed in this episode: Federal Reserve Bank of the United States: "Federal Reserve Issues FOMC Statement" - https://www.federalreserve.gov/newsevents/pressreleases/monetary20230726a.htm MarketWatch: “‘No chance we’re having a soft landing’: Stock-market strategist David Rosenberg gives Powell’s Fed no credit — and no mercy” - https://www.marketwatch.com/story/no-chance-were-having-a-soft-landing-stock-market-strategist-david-rosenberg-gives-powells-fed-no-credit-and-no-mercy-52ea2ed6 Nature: "Negativity drives online news consumption" - https://www.nature.com/articles/s41562-023-01538-4 The Conference Board: “US Leading Indicators” - https://www.conference-board.org/topics/us-leading-indicators Fannie Mae: “Multifamily Economic and Market Commentary, July 2023” - https://www.fanniemae.com/media/48391/display CBRE: “Cap Rates for Multifamily Stabilize for Q2” - https://www.cbre.com/insights/briefs/cap-rates-for-prime-multifamily-assets-stabilize-in-q2 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
The Federal Reserve raised the federal funds rate by 0.25%, and while Federal Reserve staff "are no longer forecasting a recession," others are more confident in a recession as the inevitable product of this lengthy period of elevated interest rates. Amidst this continuing economic uncertainty, the multifamily market has shown solid demand. That being said, nationwide rent growth projections are more subdued compared to historical averages, but Northeast and Midwest markets continue to outperform. Sources discussed in this episode: Federal Reserve Bank of the United States: "Federal Reserve Issues FOMC Statement" - https://www.federalreserve.gov/newsevents/pressreleases/monetary20230726a.htm MarketWatch: “‘No chance we’re having a soft landing’: Stock-market strategist David Rosenberg gives Powell’s Fed no credit — and no mercy” - https://www.marketwatch.com/story/no-chance-were-having-a-soft-landing-stock-market-strategist-david-rosenberg-gives-powells-fed-no-credit-and-no-mercy-52ea2ed6 Nature: "Negativity drives online news consumption" - https://www.nature.com/articles/s41562-023-01538-4 The Conference Board: “US Leading Indicators” - https://www.conference-board.org/topics/us-leading-indicators Fannie Mae: “Multifamily Economic and Market Commentary, July 2023” - https://www.fanniemae.com/media/48391/display CBRE: “Cap Rates for Multifamily Stabilize for Q2” - https://www.cbre.com/insights/briefs/cap-rates-for-prime-multifamily-assets-stabilize-in-q2 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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Predictions for H2 2023: The Economy and the Apartment Market
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