Latest Multifamily Real Estate News - Waterstone Multifamily Group

Survey predicts rate increases now and in June

A full 100% of economists, fund managers and strategists surveyed by CNBC said they expect the Federal Reserve Bank will raise the federal funds rate on Wednesday. Seventy percent said they expect another rate hike in June, while 25% believe the Fed will raise rates four times this year. Read full story Read more

‘Surban’ Investment Suffers from Short Supply

“Surban” may become an important word for real estate investors this year. It’s short for “close-in” suburbs next to major cities, and surban locations are where much of the 25- to-34-year-old cohort is looking to live. Read full story Read more

HUD Could Face Over $6B in Cuts Under Trump

Preliminary budget calls for 14% reduction in funding starting in fiscal '18. Read full story Read more

Sentiment on Market Cycle Phase Moves to ‘Peak’ Setting

Forty-four percent of readers reported that they think the real estate cycle is currently at its peak in February—up from 42 percent in January. Read full story Read more

Rents Rise Fastest in Class-B Submarkets

Rents are growing much more slowly in the urban, core markets where the rents are already high. Read full story Read more

Apartment market fundamentals prompt banks to pull back

The apartment market's swelling pipeline is threatening to outpace demand for multifamily housing, prompting banks to pull back from this asset class and forcing builders to seek other forms of finance, such as mezzanine loans. Rent decreases in some markets and increasing vacancies are part of the concern for banks. Read full story Read more

Cleveland Fed: Economy promising for rate hike

Inflation is moving up and the economy is on sound footing, Federal Reserve Bank of Cleveland President Loretta Mester said, advocating an interest-rate increase. Monetary policy cannot be expected to boost productivity, she said. Read full story Read more

Court orders document disclosure in Fannie, Freddie lawsuit

A federal appeals court has ruled that the US Justice Department must disclose documents related to its decision to seize Fannie Mae and Freddie Mac's profits in August 2012. Fairholme Funds is suing the government, arguing that the action was an illegal seizure of private property. Read full story Read more

Fed considers timing of bond-holding reduction

Federal Reserve officials are debating whether it is time to divest mortgage and Treasury securities, which have grown to $4.45 trillion from less than $1 trillion in 2007. Though the economy is growing, the Fed worries that reducing its portfolio could drive up interest on debt, negatively affecting financial markets. Read full story Read more

Takeaways on Tax Reform from NMHC Annual Meeting

Among the first sessions was a joint finance and tax committee discussion of the impact of the Better Way tax reform “blueprint” proposed by Republican House Speaker Paul Ryan. Read full story Read more

Apartment Building Owners Face Higher Rates on Loans

Lenders are looking more skeptically at the prices buyers are willing to pay for assets relative to the income from the properties. Read full story Read more

The End of the Low Interest Rate Environment?

The squeeze on cap rate spreads remains of some concern for real estate investments should rates rise more rapidly than expected, especially with the “frothiness” we have seen in certain gateway class-A markets. Read full story Read more

Luxury apartment market adjusts to oversupply

The seven-year luxury apartment boom appears to be nearing its end as a glut of product is causing landlords to drop rents and offer deep concessions even as demand for high-end apartments remains strong. Last year, rents rose 3.8%, a slowdown from recent years, according to MPF Research. Read full story Read more

Multifamily demand strong in face of new supply

Housing starts rose 25.5% in October to a 1.32 million annualized rate, the fastest pace since August 2007, the Commerce Department reported. Multifamily starts rose 68.8%, and single-family starts were up 10.7%. Read full story Read more

What a Trump Administration Means for Banking Regulations

Although both the Dodd-Frank Act and Basel III international banking standards will be targets, it appears as though Dodd-Frank is the bigger priority. Read full story Read more

Places to Go for Development and Investment

The recently released “Emerging Trends in Real Estate, United States and Canada 2017” ranked Texas cities — Austin and Dallas/Fort Worth — first and second when it came to investment and development. Yet, also within the top-10 list were West Coast and Southeast metros. Read full story Read more

What the Trump Administration Means for the Apartment Market

Axiometrics: Expect tax reform, ACA changes, and a focus on supply-side economics. Read full story Read more

Trump win might signal end to low-interest-rate era

President-elect Donald Trump has said low interest rates distort markets, and he could seek to appoint Federal Reserve governors who share his view. Some economists think Trump's economic policies could spur growth and inflation, advancing the pace of rate increases, but others say Trump's ideas could lead to a recession. Read full story Read more

MPF: 78,000 Units Delivered in 3Q; Demand Still Outpaces Supply

Third-quarter demand was 109,600 units. Read full story Read more

Yardi: National Average Rent Falls for First Time Since 2015

Long-expected rent-growth slowdown should level off at sustainable long-term rate. Read full story Read more

Outstanding CRE Debt Keeps Growing, Expected to Surpass Pre-Recession Peak

Latest Fed figures show a new high. Read full story Read more

Demand for Student Housing Assets About to Increase

The bidding for student housing properties seems likely to get more intense. Read full story Read more

REIT Deal About market Share

Mid-America Apartments will gain market share in its top metros with the purchase of Post Properties -- and it will also spread its reach farther into the urban core. Read full story Read more

As Busy Season Looms, Cap Rates May Yet Fall Lower

Transaction velocity should be strong in the fourth quarter. Read full story Read more

MPF Research: Right Suburban Investments Will Generate Highest Risk-Adjusted Returns

High-rent suburban investments in superior job-growth metros are outperforming their urban counterparts. Read full story Read more

Cap Rates Hold Steady Year Over Year for Q2 2016

Deals in pricier markets are rising, while nonmajor metros show stable price growth. Read full story Read more

Top Five Multifamily Investment Markets

Ten-X finds employment beating its recession low here by 17 percent, as the Research Triangle fuels job growth. Read full story Read more

Apartment REITs could shift back to acquisitions

Multifamily REITs appear ready to restart their acquisition activities -- as indicated by Mid-America Apartment Communities' deal to buy Post Properties for nearly $4 billion -- after a roughly six-month period when they were net sellers. Buying will increase, experts predict, because REITs' stock prices are up and their access to capital has improved. Read full story Read more

Credit Standards on Multifamily Debt Are Tightening

The share of federally insured depository institutions with an outstanding amount of multifamily residential debt on their balance sheets has risen while the amount of debt outstanding has remained stable. Read full story Read more

Homeownership Rate in the U.S. Drops to Lowest Since 1965

The U.S. homeownership rate fell to the lowest in more than 50 years as rising prices put buying out of reach for many renters. Read full story Read more

Fed holds rates steady but notes brighter outlook

The Federal Reserve held interest rates steady Wednesday, as expected, but it offered an optimistic outlook on the economy and a diminished risk profile. Improvements in the labor market and the economy likely merit "gradual increases in the federal funds rate," the Fed said. Read full story Read more

Apartment rent growth matches wage gains in June

Zillow reports that US median apartment rent rose a seasonally adjusted 2.6% in June, year over year. This growth rate, lower than in recent months, matches gains in average hourly wages. Read full story Read more

Brexit: Minor Headache or Migraine?

U.S. commercial real estate will feel the effects as investors seek out the relative stability of both the U.S. and private commercial real estate. Read full story Read more

1031 Buyers Compete for Replacement Properties

Heightened competition for replacement properties is spurring 1031 exchange investors to expand their criteria to include a broader geographic scope and more property types. Read full story Read more

Brexit market reaction bodes well for US REITs

US REITs stand to benefit from the uncertainty created by the UK's vote to leave the EU as foreign investors seek safety and yield, experts say. Brexit is driving down the yield on 10-year Treasurys, which drives real estate up, said Alexander Goldfarb, senior REIT analyst at Sandler O'Neill. Read full story Read more

IMF lowers forecast for US growth rate to 2.2%

The International Monetary Fund lowered its outlook for US economic growth for 2016 to 2.2%, down from the 2.4% it had forecast in April. The IMF also forecasts that the eurozone countries will post 1.5% growth this year, and Japan will grow 0.5%. Read full story Read more

Fund manager: US CMBS a good investment now

Structured credit products such as US commercial mortgage-backed securities, leveraged loans and residential mortgages are good investments now because they are insulated from global events such as Britain's referendum on EU membership or Chinese currency devaluation, says Troy Gayeski, senior fund manager at SkyBridge. Read full story Read more

Fed slows plan for rate increases

The Federal Reserve's policymaking committee has decided against raising its key interest rate and says increases will be implemented more slowly than previously anticipated. The decision to delay an increase was backed by every member of the committee, including Esther George, who had voted at recent meetings for a rate hike. Read full story Read more

Divorce Rate Drives Demand for Multifamily Properties

What owners need to know to cater to this growing demographic. Read full story Read more

Sovran buying privately held LifeStorage in $1.3B deal

Sovran Self Storage REIT is acquiring privately owned LifeStorage, which operates 92 facilities, for about $1.3 billion. Sovran, whose brand is called Uncle Bob's Self Storage, is paying cash for the acquisition. Read full story Read more
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