Although rent growth has cooled significantly over the past year, the national median rent is still 23 percent higher than it was just three years ago, and in some markets, the increase has been even more substantial.

In the five-year span from 2015 through 2019, the big lenders for multifamily were government-sponsored enterprises. In the first half of 2023, the same dynamic is again present

Fannie Mae has launched a new financing program to support the creation and preservation of workforce housing for middle-income renters.

Just Sold: 23-Unit Multifamily Property in Morrison, IL Randolph Taylor, CCIM Senior Associate and Multifamily Investment Sales Broker with the eXp Commercial Chicago office, brokered the deal and represented both the buyer and seller. Randolph can be contacted at [email protected] or (630) 474-6441

While few economists expect a housing crash in the near future, many do think the market will cool off because current mortgage rates are making buying a home even less affordable.

Floating rate CRE loans are a challenge when interest rates are rising, which makes sense. Unless an investor, developer, owner, or operator has planned ahead, the increasing rate tide means there is a good chance that whatever floating rate a plan has anticipated won’t be enough.