Multifamily assets have proven their worth in both strong and weak economies, but cripplingly high interest rates have frozen the sales market for apartment properties in 2023, leaving the outlook unclear for 2024. Even though the potential for lenders to grant accommodations to troubled borrowers could extend the stagnation and uncertainty in the multifamily sales market, pressures on bank balance sheets could prevent lenders from providing help to many lenders.

Sources discussed in this episode:
Federal Reserve Instagram Account - https://www.instagram.com/federalreserveboard/

Bisnow: Could Discounted Loan Payoffs Be What Finally Restarts The CRE Debt Market?” - https://www.bisnow.com/national/news/capital-markets/debt-negotiations-stalling-discounted-payoff-option-120929

Business Insider: Biden's top economist says the key to ending the housing crisis is giving cities and developers monetary incentives to build more affordable homes - https://www.businessinsider.com/housing-crisis-monetary-incentives-build-affordable-housing-economist-jared-bernstein-2023-10

Apartment List: “National Rent Report, September 2023” -  https://www.apartmentlist.com/research/national-rent-data

Harvard Joint Center for Housing Studies “Home Prices and Interest Rates Still Rising, Shutting out More Potential Homebuyers” -  https://www.jchs.harvard.edu/blog/home-prices-and-interest-rates-still-rising-shutting-out-more-potential-homebuyers

For the latest multifamily news from across the internet, visit the Gray Report website: ⁠https://www.grayreport.com/⁠

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DISCLAIMERS: This podcast does not constitute professional financial advice and is for educational/entertainment purposes only. This podcast is not an offer to invest.

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