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The Eviction Moratorium’s End May Not Lead to a Jump in Homelessness - MikeLembeck.com, Orange County Multifamily Broker, Apartments, 1031 Exchanges

The Eviction Moratorium’s End May Not Lead to a Jump in Homelessness

Many landlords, frustrated with the extension to the CDC pandemic eviction moratorium, are likely counting the days to its end on July 31. So are many others, whether in CRE or public policy, but wit...

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CRE’s Strong Buying Window May Not Be Open for Long - MikeLembeck.com, Orange County Multifamily Broker, Apartments, 1031 Exchanges

CRE’s Strong Buying Window May Not Be Open for Long

In June, the headline inflation reading came in at 5.4%—the highest level since 2008. Fed Chairman Jerome Powell says that inflation is well above their 2% target. But he thinks this is a tempo...

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Multifamily Rent Growth Reaches Unprecedented Levels  - MikeLembeck.com, Orange County Multifamily Broker, Apartments, 1031 Exchanges

Multifamily Rent Growth Reaches Unprecedented Levels

Multifamily asking rents increased by a whopping 6.3% on a year-over-year basis in June. This is the largest YoY national increase in the history of our data set. Rents grew an astonishing $23 in J...

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Biden Anti-Competitive Executive Order Could Have CRE Impacts - MikeLembeck.com, Orange County Multifamily Broker, Apartments, 1031 Exchanges

Biden Anti-Competitive Executive Order Could Have CRE Impacts

The presidential executive order of July 9, 2021 to promote “competition in the American economy” was intended more to prevent anti-competitive activity by corporations. “What we&rs...

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Apartment Rents Reach New High in June - MikeLembeck.com, Orange County Multifamily Broker, Apartments, 1031 Exchanges

Apartment Rents Reach New High in June

Forty-four of the 50 largest metros broke new records. The US median rent price rose 8.1% year-over-year and 3.2% month-over-month to a new high of $1,575 in June, according to the Realtor.com Monthl...

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Newsom Signs Budget and $100B Recovery Package - MikeLembeck.com, Orange County Multifamily Broker, Apartments, 1031 Exchanges

Newsom Signs Budget and $100B Recovery Package

Gov. Gavin Newsom recently signed SB 129, legislation that reflects the majority of the 2021-22 state budget agreement. This budget includes the biggest economic recovery package in California’s...

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Concerned About Potential Changes to 1031s? DSTs May Be the Answer - MikeLembeck.com, Orange County Multifamily Broker, Apartments, 1031 Exchanges

Concerned About Potential Changes to 1031s? DSTs May Be the Answer

Investors—and the real estate industry at large—are rightly worried about the Biden administration’s proposed changes to 1031 exchanges. After all, 12 percent of all real estate sale...

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Newsom Launches $1.1B Initiative for CA Beautification - MikeLembeck.com, Orange County Multifamily Broker, Apartments, 1031 Exchanges

Newsom Launches $1.1B Initiative for CA Beautification

Gov. Gavin Newsom launched a $1.1 billion initiative in partnership with local governments to revitalize California’s streets and public spaces through litter abatement and local beautification ...

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Deal Volume Is Up, But Market 'Nowhere Near Normal' - MikeLembeck.com, Orange County Multifamily Broker, Apartments, 1031 Exchanges

Deal Volume Is Up, But Market 'Nowhere Near Normal'

CRE transaction volume has picked up notably over the past few months, but the market is still nowhere near normal, according to a panel of experts Trepp recently convened to talk about valuation tren...

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Multifamily Lending Demand Holds Steady - MikeLembeck.com, Orange County Multifamily Broker, Apartments, 1031 Exchanges

Multifamily Lending Demand Holds Steady

The multifamily sector saw the smallest year-over-year decline of any property category, according to MBA’s latest survey. Commercial and multifamily mortgage loan originations decreased 14 per...

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