Timing Interest Rates and the Multifamily Market

While the continued surge in newly-constructed apartments is relatively unchanged from 2023, the outlook for 2024 interest rates is less clear. The longer-term prospects for the multifamily market remain strong, but given the continued pressure from apartment supply, investors who speculate on lower interest rates and future asset valuation increases could be vulnerable to short-term headwinds. Sources discussed in this episode: Reuters: “Higher forever? Markets see few rate cuts after 2024” - https://www.reuters.com/markets/rates-bonds/higher-forever-markets-see-few-rate-cuts-after-2024-2023-12-29/ RealPage: “Rents Flat as Supply Surges” - https://www.realpage.com/analytics/december-2023-data-update/ Cushman & Wakefield: “10 Critical Questions for CRE and the Economy in 2024” - https://www.cushmanwakefield.com/en/united-states/insights/10-critical-questions Apartment List: “National Rent Report, December 2023” - https://www.apartmentlist.com/research/national-rent-data 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.