Top CRE Predictions for 2024
Softening industrial markets, interest rate cuts in the summer and a robust shadow lending sector.

Housing Market Predictions for 2024
Roundup of the trends, challenges and opportunities ahead in these key sectors.

Two Prologis Bold Predictions for the Economy
But it may take more than a prediction for the results they’re looking for.

Commercial Mortgage Delinquencies Tick Up
Details from the Mortgage Bankers Association’s third-quarter report.

Money Markets Expect Rates to Stay High for Years
Money markets are betting on 3% federal funds rate for years. Silver lining: That would still be good news.

Apartment Starts Drop 33%
While multifamily developers struggle to get funding, single-family builders see a temporary resurgence.

California Existing-Home Sales Fall to 16-Year Low
With borrowing costs remaining elevated, California existing-home sales registered the biggest monthly decline in the past year and dropped in November to the lowest level since 2007.

FSOC Flags Outstanding CRE Loans as Major Risk to U.S. Economy
Elevated interest rates, high costs, and potential structural changes in demand for CRE have heightened concerns about CRE.

Mortgage Application Activity Ended 2023 In Decline
The recent decline in rates has given the housing market some cause for optimism going into 2024, but purchase applications have not yet picked up in response, with the overall level of purchase activity 12% lower than a year ago. 

Fed Minutes Signal Lower Rates in 2024 Yet Provide No Timetable
Minutes of the Federal Reserve’s December 2023 meeting, released Wednesday, show broad agreement that the central bank is done with raising interest rates, reported the the Wall Street Journal. However, there was little discussion or consensus about when the Fed might begin lowering rates. 

A Distress Avalanche Isn't Coming, According to This Firm
However, levels will continue to rise, offering opportunities for well-financed investors.

Apartment List National Rent Report
Year-over-year rent growth has bottomed out but remains in negative territory at -1 percent, meaning that on average, apartments across the country are slightly cheaper today than they were one year ago.

New Apartment Deliveries Expected to Peak in 2024
Apartment supply reached a 36-year high in 2023, the culmination of construction projects that started back when occupancy rates and rent growth neared record highs. 

Trepp CMBS Delinquency Rate Drops To 4.51%
December’s rate was a seven basis points decline for the month. At the end of 2022, the CMBS delinquency rate was 3.04%, a 147 basis points difference.

Homebuyers’ Monthly Payments At Lowest Level In Nearly A Year
The median U.S. mortgage payment during the four weeks ending Dec. 31 was $2,361, according to data from Redfin. This represents a $372 decline (-14%) from October’s all-time high to the lowest level in nearly a year.

Many Renters On The Fence About Homeownership
A majority of apartment residents say rising mortgage rates have extended their home purchase timelines.

Problem Loans: Tracking The Biggest Multifamily Delinquencies
Properties in Houston, Los Angeles and Phoenix struggle as more apartment owners have issues paying their debt.

When CRE Capital Markets Will Turn the Corner
The amount of dry powder is double that raised during the Great Recession. The question is when investors will start to spend it.

Multifamily Rent Growth Ends 2023 on a Falling Note
Year-over-year rent growth stays at -1% going into 2024.

Multifamily Developers Reporting Delays in Starts Rise Sharply
Meanwhile, it appears that builders have found ways to try to work around rising prices.

Top 12 Multifamily Predictions for 2024
Experts deliver their detailed expectations, from adaptive reuse to Gen Z.

When Does California’s Security Deposit Cap Start?
Here Are 8 New Renter Laws To Know

Answers to Pressing 2024 Concerns
High interest rates, ongoing inflation, and recession threats – all of these impacted commercial real estate in 2023. Will the same be true in 2024?

Survey Report: Cautious CRE Optimism in 2024
A large share of respondents predict that real estate markets will be better over the next six to 12 months.