Apartment Investment Conditions Still Negative- NMHC Quarterly Survey

The latest NMHC Quarterly Survey of Apartment Market Conditions average remains in negative territory; marking its third consecutive quarter below 40. The average has now been at or below 50 Continue reading Apartment Investment Conditions Still Negative- NMHC Quarterly Survey

10 Year Treasury and Apartment Loan Rates Trending Down Since Last Month

The 10 year apartment investment loan rate we track has been following the T10 (10yr Treasury) lower since we reported on them last month. The T10 has fallen from 2.51% to 2.28 and the apartment rate from 4.92% to 4.7. The Treasury is back to a level last seen Continue reading 10 Year Treasury and Apartment Loan Rates Trending Down Since Last Month

Treasury Spread to the Apartment Loan Rate Opens Up

The apartment investment loan we track jumped up to 4.92% Monday, the highest level it’s seen since February 2014. The rate seems to be in an upward trend, even more so than the T10 (10yr Treasury) driven by a widening spread since the beginning Continue reading Treasury Spread to the Apartment Loan Rate Opens Up

Fewer Renters Are Working Toward Homeownership – Latest Study

1/3 of Boomers would never own a home

In the latest Freddie Mac Renter Survey out this week renter’s preferences for renting have grown since a year ago. Boomers who would never own a home jumped from just under a quarter to almost a third of respondents. Meanwhile over half Millennials Continue reading Fewer Renters Are Working Toward Homeownership – Latest Study

Apartment Investment Loans Survive Trump Inauguration

Despite the ‘interesting times’ we’ve experienced since January 20, people still need a place to live, apartments still exist to serve that need and investors can still get a loan to buy one. To borrow JP Morgan’s phrase (the banker not the bank) however, the apartment investment loan we track has continued to Continue reading Apartment Investment Loans Survive Trump Inauguration

National Multihousing Council Apartment Conditions Fall Further

The average of the NMHC’s Apartment Conditions fell to 24 from 35 with all series but Equity Financing (holding at 33) falling from last quarter. Both Market Tightness and Sales Volume came in at 25 (down from 28 and 35 respectively) while the more volatile Debt Financing fell to 14 from 38 last fall.

The Equity Financing which may be the most Continue reading National Multihousing Council Apartment Conditions Fall Further

Woo-hoo We’re All Gonna… Have More Expensive Apartment Loan Rates

The apartment investment loan we track has jumped up five times in a month, the most change it’s had since the Taper Tantrum in 2013. From the low of 4.125% the week before the election it is now up to 4.75% as of yesterday. With the Fed due to Continue reading Woo-hoo We’re All Gonna… Have More Expensive Apartment Loan Rates

So That Happened, Then This Happened- Apartment Loan Rates Jump with T10

And we’re off to the races apparently. The day after the surprising election results the US Treasury 10 year jumped 19 basis points blowing through the 2% level to close that day at 2.07%. You would have to Continue reading So That Happened, Then This Happened- Apartment Loan Rates Jump with T10

Apartment Investment Sales Fall Below 50 in Latest NMHC Quarterly Survey

The latest National Multifamily Housing Council Apartment Conditions Quarterly shows the average fell 15 points to 35, dragged down by Sales Volume dropping to 42 from 50 and the more volatile Debt Financing which descended to 38 from 62. Market Tightness (occupancy & rent growth) and Equity Financing Continue reading Apartment Investment Sales Fall Below 50 in Latest NMHC Quarterly Survey