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Here's What's Happening In The Market, Here’s What This Means For You
| Multifamily Momentum Trends Up on Lower Debt Costs, Higher Cap Rates A backlog of capital that has been on the sidelines is likely to begin to loosen. |
Commercial Mortgage Delinquency Rates Increased in Q2 2024 Details from the Mortgage Bankers Association’s latest report. |
| REPORT: More Than 8 in 10 CEOs Think Hybrid Work Will Be Dead Within 3 Years 83% said they expect their companies will shift back to requiring five days of office attendance. |
Key Fed Inflation Gauge At 2.2% In August, Lower Than Expected Excluding food and energy, core PCE rose 0.1% in August and was up 2.7% from a year ago. |
| UBS Chief Economist: CRE Can Expect Low Inflation, More Rate Cuts The U.S. economy has entered a relative low-inflation environment that should last for the foreseeable future. |
Q2 Rents Post Second Steepest Drop in Five Years In 2Q 2024, the median rent for newly constructed apartments plunged 6.2% to $1,746. |
| Powell: Don't Expect the Fed to Hurry on Rate Reductions Chair Jerome Powell made clear that the central bank will follow the data. |
Fed Rate Cut Sparks New Questions for CRE There is aggressive bidding on some multifamily, industrial and retail assets. |
| Survey Indicates Renewed Optimism for CRE Financing in 2025 Out of five executives, four predict growing investor demand for CRE assets. |
Multifamily Permits Drop 16.8% YoY Despite Record Deliveries Multifamily construction permits fell 16.8% YoY in August despite being up for the month, signaling mixed residential construction dynamics. |
| 2025: An Inflection Point for the Multifamily Market As we near year’s end, stability and even positive momentum have begun to take hold, and there is good reason to expect them to carry into 2025. |
Blackrock’s Fink Says Market Is Wrong On Fed Rate-Cut Bets The market is pricing too many interest-rate cuts from the Federal Reserve given the US economy continues to grow. |
| Retail Drives September Increase in CMBS Delinquencies Although most of the major property types contributed to the rise in the overall rate, retail contributed to about 50% of the net change. |
New California Laws Tighten Renter Protections The legislation includes new requirements for security deposit deductions and restrictions on certain fees. |
| Supply Chain Faces Multiple Challenges Heading Into 2025 Sustainability, cybersecurity and labor shortages keep executives up at night. |
How Trump’s Mass Deportation Plan Could Impact Construction Immigrants lacking permanent legal status are estimated to number in the hundreds of thousands in the nation’s construction workforce. |
| Rent Control In California: What You Need To Know About Proposition 33 The proposition, if approved, would eliminate the Costa-Hawkins Act, which is a 1995 law defining which apartments and rental homes can have limits placed on annual rent increases. |
Unexpected 254K Jobs Growth Probably Means Lower Rate Cuts As the Federal Reserve balances price stability and full employment, predictions of the future are a matter of luck. |
| Can The Fed Heat Up Southern California’s Chilly Real Estate Job Market? There's 921,800 property-linked workers in LA, Orange, Riverside, San Bernardino and San Diego counties. |
Your Guide To Proposition 33, Which Would Allow Local Expansions Of Rent Control Propositions 33 and 34 are dueling ballot measures over rent control, and then some. Here's what you should know. |
Orange County
11
Closed Sales Last Week
54
Closed Sales - Average Days on Market
$2,349,545
Closed Sales - Average Sales Price
2
Transactions Sold At or Above Asking Price
9
Financed Transactions Last Week
2
All Cash Transactions Last Week
8
2-4 Unit Transactions Last Week
3
5+ Unit Transactions Last Week
19
New Listings Last Week
8
Months of Inventory
263
Total Number of Active Listings
$976,500,961
Active Listings, Dollar Volume
11
Active Under Contract Last Week
3
Pending Listings Last Week
11
Expired Listings Last Week
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Southern California
6
Closed Sales Last Week
25
Closed Sales - Average Days on Market
$1,066,667
Closed Sales - Average Sales Price
3
Transactions Sold At or Above Asking Price
4
Financed Transactions Last Week
2
All Cash Transactions Last Week
6
2-4 Unit Transactions Last Week
0
5+ Unit Transactions Last Week
11
New Listings Last Week
8
Months of Inventory
167
Total Number of Active Listings
$448,059,563
Active Listings, Dollar Volume
6
Active Under Contract Last Week
2
Pending Listings Last Week
8
Expired Listings Last Week
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