What are Multifamily Investors Waiting For?

While recent comments and reports depict our current moment as a substantial opportunity for multifamily investors, there has been little disagreement about the headwinds for apartment performance in 2024, with continued rent growth stagnation and elevated interest rates as prominent challengers for investors. A more favorable environment for multifamily asset performance is expected to develop moving into 2025, but for many apartment investors, the math simply does not work right now. Sources discussed in this episode: Marcus & Millichap: “Is Now the Time to Buy Multifamily?” - https://www.marcusmillichap.com/research/videos/is-now-the-time-to-buy-multifamily Marcus & Millichap: “What's Holding Sidelined Capital Back?” - https://www.marcusmillichap.com/research/videos/whats-holding-sidelined-capital-back Apartment List: “More than Half of All Renters Are "Cost-Burdened" According to New Census Data” - https://www.apartmentlist.com/research/more-than-half-of-all-renters-are-cost-burdened Fannie Mae: “Fannie Mae Multifamily Introduces Sponsor-Dedicated Workforce (SDW) Housing to Support Workforce Rental Affordability” - https://www.fanniemae.com/newsroom/fannie-mae-news/fannie-mae-multifamily-introduces-sponsor-dedicated-workforce-sdw-housing-support-workforce-rental Fannie Mae: “Multifamily and Economic Commentary, Oct. 2023: Rising Number of Multifamily Properties Offering Concessions” - https://www.fanniemae.com/media/49331/display RealPage: “Here’s the Most Unexpected Twist of the Apartment Sector in 2023” - https://www.realpage.com/analytics/class-b-market-softening/ 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.