The Federal Reserve is raising rates another 50 basis points, the CPI report is showing inflation cooling, and multifamily investors and industry leaders are making predictions for the apartment market and commercial real estate in the year to come. Expectations of a serious economic downturn next year have lessened, and while financing will remain a challenge in 2023, strong apartment demand will continue to make multifamily assets a very attractive investment option.
Sources discussed in this episode:
Bureau of Labor Statistics: Consumer Price Index, November 2022 - https://www.bls.gov/news.release/cpi.t02.htm
Marcus & Millichap: “3 Economic Trends to Watch: 1H 2023” - https://www.marcusmillichap.com/research/videos/3-economic-trends-to-watch-1h-2023
CBRE: “U.S. Real Estate Market Outlook 2023” - https://www.cbre.com/insights/books/us-real-estate-market-outlook-2023
National Association of Realtors: “On the Horizon: Markets to Watch in 2023 and Beyond” - https://www.nar.realtor/research-and-statistics/research-reports/on-the-horizon-markets-to-watch-in-2023-and-beyond
Yardi Matrix: “National Multifamily Report, November 2022” - https://www.yardimatrix.com/publications/download/file/3207-MatrixMultifamilyNationalReport-November2022
Harvard Business Review: “ChatGPT and How It Disrupts Industries” - https://hbr.org/2022/12/chatgpt-and-how-ai-disrupts-industries
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DISCLAIMERS: This video does not constitute professional financial advice and is for educational/entertainment purposes only. This video is not an offer to invest.