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Price Increases Could Signify the Start of a Bottom - MikeLembeck.com, Orange County Multifamily Broker, Apartments, 1031 Exchanges

Price Increases Could Signify the Start of a Bottom

Or it could just mean a short break in declining values. Questions compile about where the economy is going. The Federal Reserve doesn't know when rate cuts might happen. So, why sho...

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Cooling Labor Markets Raise Questions About Economy - MikeLembeck.com, Orange County Multifamily Broker, Apartments, 1031 Exchanges

Cooling Labor Markets Raise Questions About Economy

Assumptions about jobs, wages, inflation, and recessions have some correlation, but nothing that is immutable. Looking at every bit of economic data as a form of divination has become a national pa...

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Fading Housing Demand Poses a Danger to Economic Conditions - MikeLembeck.com, Orange County Multifamily Broker, Apartments, 1031 Exchanges

Fading Housing Demand Poses a Danger to Economic Conditions

Homebuilders are 'increasingly pulling back' on building plans. "Despite copious media stories of a general lack of housing supply and never-ending home price gains, we instead see renewed signs of...

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More Renters Can't Afford Apartment Living - MikeLembeck.com, Orange County Multifamily Broker, Apartments, 1031 Exchanges

More Renters Can't Afford Apartment Living

While lower-income renters struggled to find affordable rentals, more higher-rent units came on the market. A new report from the Joint Center for Housing Studies at Harvard University describes tw...

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This is What the End of Extend and Pretend Looks Like - MikeLembeck.com, Orange County Multifamily Broker, Apartments, 1031 Exchanges

This is What the End of Extend and Pretend Looks Like

Big banks are trying to unload loans before they're forced to recognize a loss. Whether you call it extend-and-pretend or delay-and-pray, the strategy has become a favorite of banks holding too man...

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Multifamily Challenges Include Rising Costs, Slowing NOI - MikeLembeck.com, Orange County Multifamily Broker, Apartments, 1031 Exchanges

Multifamily Challenges Include Rising Costs, Slowing NOI

Insurance premiums rose 27.7% YOY in January A 7.1% increase in total operating expense is adding to the challenges multifamily investors are facing along with a glut of new units, according to a n...

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Super Cheap Rates Could Come Back in This Scenario - MikeLembeck.com, Orange County Multifamily Broker, Apartments, 1031 Exchanges

Super Cheap Rates Could Come Back in This Scenario

It all depends on who is right about R-Star. Many people in CRE want interest rates to return to their low pre-pandemic levels. That might be sustainable, or it might not be. The answer likely depe...

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A Potent Sign that CRE Capital Markets Are Weakening - MikeLembeck.com, Orange County Multifamily Broker, Apartments, 1031 Exchanges

A Potent Sign that CRE Capital Markets Are Weakening

Mortgage debt goes up significantly while originations are slow. Commercial and multifamily mortgage debt outstanding increased by $40.1 billion (0.9%) in the first quarter of 2024, according to th...

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Does CRE Have a Stagflation Problem? - MikeLembeck.com, Orange County Multifamily Broker, Apartments, 1031 Exchanges

Does CRE Have a Stagflation Problem?

CoStar Group seems to think so. There is no official body or organization that formally declares when the US economy enters a period of stagflation –  that is, an economy characterized b...

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When CRE Deals Use Seller Financing - MikeLembeck.com, Orange County Multifamily Broker, Apartments, 1031 Exchanges

When CRE Deals Use Seller Financing

Some big sellers are becoming banks for the buyers, though there are tradeoffs. You aren't often privy to backdoor CRE negotiations. Bloomberg delivered one case on a platter: Blacks...

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