Market Intel

Intel

Multifamily Demand Remains Strong

The multifamily industry gathered in Orlando this week with expectations that its strong fundamental performance will continue, but the market nonetheless is preparing for challenges that include rising interest rates, a national labor shortage, evolving migration patterns and changes in renter preferences. Multifamily is coming off a year with the

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Intel

Fannie Mae Provides Nearly $70 Billion for Multifamily in 2021

Fannie Mae provided nearly $70 billion, the Federal Housing Finance Agency (FHFA) volume cap, in financing to support the multifamily market in 2021. In addition, multifamily affordable housing funding increased more than 23% last year, marking the highest volume in the history of the 33-year-old Delegated Underwriting and Servicing (DUS)

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Intel

10 Design Trends Shaping Multifamily Buildings in 2022

While many believe 2020 was a pivotal moment for residential design, some argue it was merely an accelerant. Before March 2020, attributes such as healthy home environments, sustainable qualities, work-from-home capabilities, and unique amenity offerings piqued the interests of many renters, but they weren’t necessarily top needs at the time.

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Intel

More Space, Better Amenities Top Renter Preferences Survey

The COVID-19 pandemic has changed renters’ current and future wants and needs, according the 2022 Renter Preferences Survey Report from the National Multifamily Housing Council (NMHC) and Grace Hill. The report includes input from 221,000 renters living in 4,564 communities in 79 markets nationwide. “The pandemic caused many renters to

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Intel

Multifamily Rents Set Records in 2021

The average U.S. asking rent rose $2 in December to a record-high $1,594, reported Yardi Matrix. Over 12 months, the average asking rent increased $190. Rents rose 13.5% year over year to end 2021, with growth more than double any previous year recorded by Yardi Matrix. However, rent growth is expected to

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Intel

No Signs of Multifamily Market Slowing Down

As the headwinds of the past two years begin to subside, the U.S. is returning to a semblance of normalcy. During the most tumultuous times, multifamily fared well—better than expected, in fact—with strong occupancy levels and stable rent collection for Class A and B properties. To add to that, the

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Intel

Is a housing market crash on the way in 2022?

Last year was anything but normal — especially in Arizona’s residential real estate market. Median sale prices rose in Phoenix from $325,000 in January 2021 to $404,300 by October, a 24.4% increase, according to real estate website Redfin. Houses listed for sale saw fierce bidding wars with buyers willing to

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Intel

Freddie Mac Forecasts Continued Multifamily Growth in 2022

Freddie Mac’s latest multifamily market forecast is projecting continued growth for 2022, albeit at a much more moderate pace than in 2021. The 2022 Multifamily Outlook report noted that demand for existing multifamily properties will remain strong, following the second and third quarters of 2021 that saw the highest levels of demand

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