At the end of 2020, annual effective asking rents for the nation overall were cut by 1.1%. Moving forward, however, pricing is expected to reach the breakeven point in the last half of 2021, and then growth could return, getting higher than 3% by the end of calendar 2022
A new $70 billion cap has been established for 2021 with a 50% mission-driven requirement with new and different criteria.
The recent run-up in prices is being attributed to the weather being unseasonably favorable to building activity for this time of year, along with mills shutting down for maintenance.
If the Biden administration’s goal is to revive the economy, create jobs, and bring back business and consumer confidence, getting rid of 1031 exchanges would be an effective way of shooting the economy in the foot.
Fannie and Freddie on the road to better financial health while slightly reducing their competitive position in the multifamily market.
The multifamily sector weathered the storm in 2020, living up to its reputation as one of the most stable commercial real estate asset classes.