So Cal Multifamily Sales Pulse - August 27, 2023

Disclaimer: All information contained herein is obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only. We make no claim(s) as to the accuracy or reliability of the information presented. If you wish for us to analyze your specific property or situation please feel free to call or email us anytime.

Here's What's Happening In The Market, Here’s What This Means For You

Fed Chairman Powell: ‘We Are Prepared To Raise Rates Further If Appropriate’		KBRA: CMBS Delinquencies Top 4% with 23-bp Monthly Increase
Q2 Apartment Sales Fall Below Pre-Pandemic Levels		Commercial Lending Fell 52% In Second Quarter
Maybe Secret Distress Is Behind CRE Market Performance		Multifamily Permits Down 32.2% From a Year Ago
Record Gap Forms Between Home Affordability and the Cost of Renting		Small Apartment Cap Rates Jump As Sector Remains Resilient
Rental Investment Experiencing Mixed Effects of High Interest Rates and Strong Labor Activity		Home Prices Continue To Remain Elevated
The Fed May Have Destroyed The Housing Market By Crushing Both Supply And Demand		Rising CRE Loan Delinquencies Aren’t Worrying Banks Yet
Investors Losing Their Appetite for Purchasing Homes		Unemployment Rate Unexpectedly Surges As BLS Revises Payrolls For Every Month In 2023 Sharply Lower
$205B of Dry Powder Ready to Pounce on Distressed CRE Assets		Apartment Rent Growth Has Moved Into Negative Territory
Fundamentals Favor Multifamily		The “Urban Doom Loop:” A Possible Economic Threat?
Home Sales Across The Inland Empire Plunge 22%