Over the past few week or so we’ve seen a barrage of market updates and statistics come out. This morning CoStar published a nice little video summing up the activity in the multi-family market here in Cincinnati.
CLICK HERE – CoStar Market Update Video
Additionally, one of my colleagues passed this note onto our team:
I recently met with one of the top fund managers in the country (just closed on an $800M equity fund) who’s CEO met with the head of Freddie Mac this week. Freddie Mac’s guidance for 2020: “I would not plan on selling anything during the 4th quarter this year”. Translation, the back half of this year will be worse than last year from an agency financing perspective. The Agencies are lending at a bullish pace, very competitive and getting out dollars as fast as they can. Affordable deals will be less impacted by volume cap but I suggest advising clients on the fence to market/sell sooner rather than later.
If there’s anything you’re thinking about selling, or would like our team to provide a complimentary, confidential, broker opinion of value, please let me know – all we need to get started is a current rent roll and a trailing 12-Month income and expense statement.
CLICK HERE – CoStar Market Update Video
Additionally, one of my colleagues passed this note onto our team:
I recently met with one of the top fund managers in the country (just closed on an $800M equity fund) who’s CEO met with the head of Freddie Mac this week. Freddie Mac’s guidance for 2020: “I would not plan on selling anything during the 4th quarter this year”. Translation, the back half of this year will be worse than last year from an agency financing perspective. The Agencies are lending at a bullish pace, very competitive and getting out dollars as fast as they can. Affordable deals will be less impacted by volume cap but I suggest advising clients on the fence to market/sell sooner rather than later.
If there’s anything you’re thinking about selling, or would like our team to provide a complimentary, confidential, broker opinion of value, please let me know – all we need to get started is a current rent roll and a trailing 12-Month income and expense statement.