Greystone’s Post

***Top #multifamily Trends ~ Greystone*** The 10 metro areas where rent growth declined year-over-year include Austin Atlanta Jacksonville Raleigh Portland (Oregon) Orlando Nashville Phoenix San Antonio San Franscisco Many of these metro areas are in the Sunbelt, where there’s significant population growth and job growth. The reason rents are falling in those locations is added supply, not a lack of demand. It is anticipates those markets to stabilize as new supply is absorbed. The 10 metro areas where rent growth accelerated year-over-year include Grand Rapids Milwaukee Hartford Providence Louisville Washington, D.C. Virginia Beach Kansas City (Missouri) Chicago Pittsburgh. Many of these markets offer more affordable rentals along with population and job growth.

RealPage shares outlook on 2025 multifamily trends. Chief Economist provides year-end analysis indicating stable footing and predicts what we can expect in the industry ahead. Read more here: https://lnkd.in/evq-wDMy

RealPage shares 3 multifamily industry predictions for 2025: 💡 Supply is the key theme for 2025. Initially abundant supply is expected to lessen through the year as economic headwinds challenge developers. Easing supply will likely give way to an environment where housing shortages challenge some metro areas beyond 2025. 💡 Renters in high-supply markets will see concessions as supply remains a heavy force on the market. As a result, retention will be a priority for operators looking to mitigate rising turnover and marketing costs. 💡 Demand will continue to catch up with the wave of new supply delivery throughout the Sun Belt, where rental rate growth is likely to be modest. Meanwhile, rents in lower-supply metro areas are expected to grow at a pace similar to the 2010s decade. RealPage, Inc. #2025trends #multifamilyindustry #thoughtleadership

Helpful overview from RealPage, Inc. on predicted 2025 trends. Article also highlights renter demand is the highest it's been in decades, excluding 2021.

Moody's CRE analysts forecast which multifamily markets will see the greatest and least effective rent growth next year. For daily news and analysis subscribe to the https://lnkd.in/gnDiVmJB newsletter. #Multifamily #RealEstate #Housing

🏢📈 Multifamily Rent Growth: A Key Factor in the Fed's Interest Rate Decisions As multifamily rent growth continues to rise, it's becoming a significant factor in the Federal Reserve's approach to interest rates. This trend highlights the ongoing demand for multifamily housing and its impact on the broader economy. For investors, this underscores the importance of multifamily properties as a resilient and profitable investment opportunity. Stay informed and make strategic moves in this dynamic market! 🔗 Read more about the impact of multifamily rent growth on interest rates. https://lnkd.in/ePMwUffA #RealEstateInvesting #Multifamily #InterestRates #InvestmentOpportunity #MarketTrends

Below is a link to my December Multifamily Market Commentary on multifamily rent concession trends over 2024. The rest of the Fannie Mae December economic forecast and press release can be found on the Fannie website under Research & Insights!

🏢📈 Multifamily Rent Growth: A Key Factor in the Fed's Interest Rate Decisions 📉🏠 As multifamily rent growth continues to rise, it's becoming a significant factor in the Federal Reserve's approach to interest rates. This trend highlights the ongoing demand for multifamily housing and its impact on the broader economy. For investors, this underscores the importance of multifamily properties as a resilient and profitable investment opportunity. Stay informed and make strategic moves in this dynamic market! 🔗 Read more about the impact of multifamily rent growth on interest rates. https://lnkd.in/gaHNCcWk #RealEstateInvesting #Multifamily #InterestRates #InvestmentOpportunity #MarketTrends

It's at the lowest level since the second quarter of 2020, the depth of the pandemic. But that also puts it at roughly half the quarterly average of 2019. "Nearly 1,040 apartment properties changed hands at a value of $20.6 billion during 1st quarter 2024, according to MSCI Real Capital Analytics," they wrote. Overall dollar sales volume was down 25% from 2023 Q1, while the number of properties was down 26%. "This was well below the 4th quarter 2021 peak, when around 5,400 properties changed hands for more than $166 billion as the result of pent-up demand following the onset of the pandemic," they noted. "Recent activity was also well below the $42.2 billion quarterly average during the five years leading up to the pandemic (2015-2019)." Before the pandemic, since the first quarter of 2024, the value of quarterly multifamily transactions never fell below $21 billion.

Our recent social media post following the Bisnow Multifamily Conference in Los Angeles aligns closely with a newly published GlobeSt.com. article, both highlighting the improving outlook for the #multifamily market. The GlobeSt. article reports cap rates nearing pre-pandemic levels at 5.9% in Q2 2024, reflecting stabilization. Similarly, our insights noted steady cap rates and strong tenant demand in supply-constrained markets like Southern California, where rents are being paid and vacancy rates remain low. Additionally, investor optimism is a common theme. The GlobeSt. article mentions increased transaction activity and confidence in the market, driven by stable valuations and easing interest rate pressures. At the Bisnow conference, experts echoed this sentiment, anticipating gradual improvements in 2025 supported by resilient property values and strong fundamentals. As the multifamily sector continues to stabilize, The Mogharebi Group is committed to leveraging these insights to deliver exceptional results for our clients. https://lnkd.in/gvj-u7nS