Multifamily Sales Continue to Trend Downward in City, While Suburban Sales Volume Sets New Record
Tag Archives: multifamily
The owner of one of the biggest apartment complexes in the Chicago area has refinanced the property with a new mortgage, pocketing nearly $46 million in the process.
Rising home prices, rising mortgage rates and rising demand are colliding with a critical shortage of homes for sale. And all of that is slamming housing affordability.
Agency lenders are making more permanent loans than ever on apartment properties.
Investors keep looking for apartment buildings to buy at good prices. The search is leading them to smaller properties in smaller markets.
Existing single-family home sales increased a modest 1 percent over 2017 as limited for-sale inventory kept the market from gaining traction. While many of the factors contributing to a restriction in sales velocity remain the same, changes to the tax code remove some of the incentives to homeownership, and anticipated interest rate increases this spring will bring additional challenges to the future of the housing market.