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

Fed Chair Powell Talks Two More Rate Hikes and the Yield Curve Steepens https://link.socalmultifamilybroker.com/EgfW

Multifamily To Face $8B Of Maturities This Fall https://link.socalmultifamilybroker.com/Egfq

Inflation Remains a Top Challenge for Investors https://link.socalmultifamilybroker.com/Egh3

Realtor.com Revises Housing Forecast For Second Half Of 2023 https://link.socalmultifamilybroker.com/Eah4

Another Brookfield DTLA Tower Loan Faces “Maturity Default Risk” https://link.socalmultifamilybroker.com/Ed1e

Distressed Properties Have Reached $63.7B Driven By This Surprising Asset https://link.socalmultifamilybroker.com/Ed3D

U.S. Office Pricing Not Expected to Recover Until 2040 https://link.socalmultifamilybroker.com/Ed3-

Mortgage Delinquency Rate Drops To Near-Record Low https://link.socalmultifamilybroker.com/EdBp

Moody’s: Multifamily and Retail are Not Out of the Woods https://link.socalmultifamilybroker.com/EdBw

Headline Deal Volume Drop Might Misrepresent Market Reality https://link.socalmultifamilybroker.com/EdrF

Why It Would Take a Lot for the Most Pessimistic Office Outcomes to Happen https://link.socalmultifamilybroker.com/EdrR

Office Vacancy Rate Rises 30 Basis Points in One Month https://link.socalmultifamilybroker.com/EdrW

OC Home Prices Expected To Fall By 11% As Recession Looms https://link.socalmultifamilybroker.com/EdsW

Record Apartment Rents Persist In Los Angeles, But Growth Has Stalled https://link.socalmultifamilybroker.com/Edst

LA Office Buildings Trade For 43% Less, Biggest Drop In The Country https://link.socalmultifamilybroker.com/Edsv

2023 CMBS Delinquency Rates https://link.socalmultifamilybroker.com/Edte

Amid Mixed Data, Fannie Mae Sees Recession as “Most Likely” https://link.socalmultifamilybroker.com/Edti

Fed Pauses Rate Hikes, Indicates More Are Coming https://link.socalmultifamilybroker.com/EelA

Cloudy Outlook: CMBS Distress and Low Deal Volume Create CRE Pessimism https://link.socalmultifamilybroker.com/Eeqm

Commercial Real Estate Gets Even Bleaker With $64 Billion In Property Now Classified As Distressed https://link.socalmultifamilybroker.com/Eeqp

The ‘Extend and Pretend’ Real Estate Strategy Is Running Out of Time https://link.socalmultifamilybroker.com/Eeqs

Bad-Loan Industry Ramps Up, Triggered By Office Distress https://link.socalmultifamilybroker.com/Eer4

CREFC Panelist: Lenders Not Extending CRE Loans Easily https://link.socalmultifamilybroker.com/Eer9

Home Sales Up While Prices Decline https://link.socalmultifamilybroker.com/Ees5

Selective Defaults Could Become a Headache for CRE https://link.socalmultifamilybroker.com/Eesb

Apartment Rents Decline YoY for First Time https://link.socalmultifamilybroker.com/Ef3p

Minimum Wage Workers Can't Afford a Two-Bedroom Apartment Anywhere in the U.S. https://link.socalmultifamilybroker.com/Ef3x

Moderate Rent Growth in the Forecast for U.S. Multifamily https://link.socalmultifamilybroker.com/EfcE

Major U.S. Banks Could Survive the Worst CRE Scenario https://link.socalmultifamilybroker.com/EfdQ

Pending Home Sales Sink In May https://link.socalmultifamilybroker.com/Egeu

Orange County

8
Closed Sales Last Week
12
Closed Sales - Average Days on Market
$2,184,375
Closed Sales - Average Sales Price
3
Transactions Sold At or Above Asking Price
5
Financed Transactions Last Week
3
All Cash Transactions Last Week
6
2-4 Unit Transactions Last Week
2
5+ Unit Transactions Last Week
11
New Listings Last Week
6
Months of Inventory
156
Total Number of Active Listings
$625,917,184
Active Listings, Dollar Volume
4
Active Under Contract Last Week
3
Pending Listings Last Week
8
Expired Listings Last Week

Orange County Closed Sales - MikeLembeck.com


Avg. Cap Rate: 4.44%
Avg. Gross Rent Multiplier: 14.87

Live MLS Link PDF Link


Southern California

9
Closed Sales Last Week
74
Closed Sales - Average Days on Market
$1,652,222
Closed Sales - Average Sales Price
4
Transactions Sold At or Above Asking Price
9
Financed Transactions Last Week
0
All Cash Transactions Last Week
5
2-4 Unit Transactions Last Week
4
5+ Unit Transactions Last Week
2
New Listings Last Week
5
Months of Inventory
93
Total Number of Active Listings
$278,142,196
Active Listings, Dollar Volume
4
Active Under Contract Last Week
6
Pending Listings Last Week
1
Expired Listings Last Week

Orange County Closed Sales - MikeLembeck.com


Avg. Cap Rate: 4.64%
Avg. Gross Rent Multiplier: 14.17

Live MLS Link PDF Link