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Multifamily Transactions Poised to Pick Up Pace
The past three years have been one of the most volatile periods in history for the multifamily industry.
Chris Nebenzahl
May 22, 2023
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The past three years have been one of the most volatile periods in history for the multifamily industry.
Arizona based multifamily developer, owner and investment manager, Mark-Taylor Residential partners with Radix, the industry’s first shared-data ecosystem, to leverage the power transparent multifamily market data.
I anticipate a quiet week on the economic front, as none of the major indicators will be released this week.
Interest rates have increased across the yield curve since early 2022, however the short end of the curve has moved much faster and risen more than the 10-year treasury.
The U.S. economy continues its trend of stabilization as we move into May, with job growth remaining the strongest aspect of our nation’s economy.
Both traffic and new leases signed have been steadily increasing, and after bottoming out in late January, the closing ratio has been growing quickly as well. While all three metrics remain slightly below their levels from this time last year, this year’s growth trajectory is stronger than it was a year ago.
During and immediately after the COVID-19 pandemic, the Phoenix apartment market was one of the best performing metro areas in the nation. However, as migration has slowed, relative prices have soared, and new development has boomed, the multifamily market in the desert has quickly soured.
Share This Post The Fed will meet on Tuesday and Wednesday this week, and economists anticipate another interest rate hike of 25 basis points, bringing
We are excited to share with you the Chart of the Week! Through our real-time data, we are building a series of visuals, charts, and graphs depicting the most important trends in the multifamily industry. This week we are analyzing who is leading the nation in traffic.
Drive revenue and save time with advanced analytics tools built on the industry’s first shared-data ecosystem.
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