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Here's What's Happening In The Market, Here’s What This Means For You
| Multifamily Financing and Sales Volume Indexes Reach Highest Levels Since 2022 Higher sales were reported by 43% of respondents compared to 32% in July. |
Will CRE Market Conditions Improve? Find out what NAIOP members expect, according to the organization’s latest survey. |
| Though the Apartment Market Continues to Loosen, Deal Flow Increases for Third Consecutive Quarter as Debt and Equity Conditions Improve | The Commercial Real Estate Recovery Is On, But The Rebound May Be Uneven Refinancing and sales volumes are already picking up as sentiment around the sector improves after years of declining transactions and property valuations. |
| Expert: Multifamily Remains Buyers' Market Amid 'Generationally High' Supply Demand doesn't seem to be an issue. |
Investor Sentiment Improves for Multifamily Amid Broad Decline for CRE Single-family homes' rising costs is good news multifamily landlords. |
| California Job Growth Outpaces 2023 Levels The state’s economy has grown faster than the nation overall, at 111% vs 75% over the past 25 years. |
The Commercial Real Estate Market Is In A 'Normalization Period' Transaction volume is starting to tick up and will be able to continue the momentum as interest rates stabilize. |
| Fed Rate Cuts: A Game-Changer for Commercial Real Estate Investors or a Head Fake? While there's optimism in some corners about a return to a lower rate environment, the bond market signals a different story. |
Orange County Apartment Rents Keep Rising As occupancy tops 96%, multifamily investment sales dropped 90% in the third quarter. |
| CRE Loan Modifications Surge as Maturity Wall Looms The percentage of modified CRE loans have more than doubled. |
Treasury Yields Jump as Fed Officials Hint at Extended Tightening Fed officials talk about how interest rates might be higher in long term. |
| U.S. Commercial Foreclosures Spike in September 2024 with Significant Year-Over-Year Increase Commercial Foreclosures Increased 15 Percent from Last Month and 48 Percent from Last Year. |
Commercial Foreclosures Reflect Persistent Economic Challenges California endured the nation's highest level of foreclosures in September. |
| ATTOM: U.S. Commercial Foreclosures Remain Elevated U.S. commercial foreclosures remain elevated and are still considerably higher than pre-pandemic figures. |
CRE Mortgage Delinquencies Rose Slightly in Q3 By property type, office loans had the highest delinquency rate as Q3 ended, rising to 7.8% from 7.1% in Q2. Multifamily saw a 10-basis-point increase to 1.2%. |
| Existing Home Sales Slumped To Lowest in Nearly 14 Years in September One economist speculated that buyers may be waiting on the election's outcome before deciding to close on a house. | Window of Opportunity Opens for CRE Investment Oxford Economics thinks there's an upcoming window of opportunity. |
| Roughly 4 in 5 U.S. Residents Believe There Should be Caps On Rent Hikes Economists say rent control worsens housing affordability in the long run. |
Multifamily Market Sees Strongest Demand Since 2021, Lowering National Vacancy Rate Third-quarter performance outpaces expectations, Sun Belt rent growth struggles persist. |
| Oxford Economics Sees Window for Strategic CRE Investment Oxford Economics predicts a favorable investment window in CRE over the next 12–18 months, led by industrial, hotel, and residential. |
The Hidden 'Double Whammy' Facing Owners Who Hand Buildings Over To Lenders These transactions — known as deed-in-lieu-of-foreclosure sales — could wind up saddling them with a large tax bill. |
| New York Fed Calls Out Dark Side of Extend-and-Pretend The approach crowds out new credit provisions. |
U.S. CRE Pricing Gains Reverse Course in September Apartment prices fell 6.3% from a year ago for the second largest drop of any property type. |
Orange County
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Long Beach
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Los Angeles
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San Diego
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Riverside
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San Bernardino
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