Freddie Mac, McLean, Va., said the multifamily market will likely continue to cool off in 2023.
Tag: Multifamily Housing
Ginnie Mae Outlines Plan to Fight Housing Costs, Boost Housing Supply
Ginnie Mae on Wednesday said it will take on a larger role in HUD’s efforts to fight rising housing costs and boost housing supply, releasing a Fact Sheet outlining its efforts to drive liquidity toward equitable and affordable housing.
Multifamily Rent Growth Still Climbing
The momentum surrounding multi-housing rent growth has continued in 2022 and currently outpaces inflationary growth, reported JLL Capital Markets, Chicago.
Fitch: Urban Multifamily Recovery ‘Years Away’ Despite Recent Demand Growth
Urban multifamily rental demand is improving as pandemic restrictions are lifted and workers return to offices, but a full recovery could take longer than prior recoveries, reported Fitch Ratings, New York.
Renters Struggle as Income Stagnates, Unemployment Remains High
Renters’ median income growth stopped last year, and more than three million renters who face COVID-19 unemployment carry extreme housing cost burdens, analysts said.
Apartment Investment Bounces Back in Third Quarter
Freddie Mac, McLean, Va., said its Apartment Investment Market Index turned positive in the third quarter despite contractions in several major metros.
Generation Z Renters Moving On Up
More young adults are returning to the rental market reported Zillow, Seattle.
Multifamily Market Musings: Conversation with Fannie Mae’s Kim Betancourt, CRE
This year’s industry developments are dominated by the pandemic as well as associated social, political and economic impacts. Given this backdrop and the continued role of the GSEs in financing multifamily throughout market ups and downs, MBA NewsLink talked with Fannie Mae’s Kim Betancourt to get perspective on trends and what to watch as the multifamily market continues to evolve.
MBANow: MBA SVP Mike Flood Discusses Rental Assistance
Mortgage Bankers Association Senior Vice President of Commercial/Multifamily Mike Flood joined MBANow to discuss the CARES Act’s unemployment benefits and rental assistance.
2020 Storm Surge Forecast Sees 7.4 Million Residences at Risk
Okay, just to recap: So far in 2020, we’ve had the COVID-19 pandemic; partial collapse of the U.S. economy; no spring home buying season; dam breaches in Michigan; one of the busiest tornado seasons this decade; and, God help us, “murder hornets.” Now it’s June, and the official start of North American hurricane season.