MARKET INTEL

Intel

NAHB Economists Forecast A Red-Hot 2022 For Multifamily

Despite ongoing challenges, economists speaking at the International Builders’ Show in Orlando, Fla., anticipate a positive 2022 for the apartment sector. “Last year was red hot for multifamily, and we see that trend continuing,” said Dean Schwanke, vice president, multifamily housing, NAHB. In 2022 NAHB anticipates that multifamily starts, fueled

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Intel

Commercial Real Estate Investment Volume Hits Record in 2021

The fourth quarter of 2021 saw $296 billion in total commercial real estate investment volume, bringing the total for the year to $746 billion, both record highs, according to CBRE. Multifamily led all sectors for investment volume, reaching $136 billion in the fourth quarter and $315 billion for the year.

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Intel

Commercial and Multifamily Lending to Hit Record Highs in 2022

The Mortgage Bankers Association (MBA) released its 2022 forecast for commercial multifamily mortgage borrowing and lending at the annual Commercial/Multifamily Finance Convention & Expo this week in San Diego. It is predicting mortgage borrowing and lending to hit $1 trillion for the first time this year, a 13% increase over

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Intel

FHA Lifts Temporary COVID-19 Underwriting Mitigants for Multifamily Deals

The Federal Housing Administration (FHA) announced that it is removing temporary COVID-19 underwriting mitigants for multifamily transactions insured under Section 223(f) of the National Housing Act, effective immediately for all insured transactions that have yet to reach endorsement. The temporary requirements calling for nine months of debt service reserves, 250% repair escrows,

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Intel

Competition Pushes Real Estate Investors into Tertiary Markets

Apartment investors are jumping at the chance to buy properties in Manhattan at 6 percent cap rates—Manhattan, Kansas, that is. Buyers that used to dismiss such tertiary markets as “flyover country” are now stopping to take a second look. Capital chasing better yields and growth opportunities in secondary markets is spilling over

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