MultifamilyExecutive: Interest Rates

Poll Finds Support for Modifying Mortgage Interest Deduction

Thu, 11 Oct 2012 01:16:41 EST

A majority of Americans support changing the mortgage interest deduction to make it more targeted to middle- and low-income homeowners, according to a new poll.

Rise in Treasuries Threatens Deals

Tue, 8 May 2012 11:39:27 EST

As the 10-year Treasury has risen over the month of March, deals that once looked like home runs now face questions.

How Long Can Low LIBOR, 10-Year Treasury Last?

Tue, 14 Feb 2012 02:42:41 EST

The benchmarks upon which floating- and fixed-rate loans are based have been incredibly low for awhile now—but how long can it last?

Lock That Rate: The 10-Year Treasury Hits a New Low

Thu, 15 Sep 2011 04:27:33 EST

As the benchmark yield on the 10-year Treasury sinks to its lowest level in history, mortgage rates also hover at historic lows, helping to fuel transaction velocity.

Cap Rates, Interest Rates Will Shape Dealmaking Environment in 2011

Thu, 22 Dec 2011 11:31:07 EST

Low interest rates drove cap rates down in 2010, but as both start to climb in the coming year, the industry will face stiffer financing competition.

ARMs Get Another Look as Treasury Rises

Wed, 5 Jan 2011 08:51:48 EST

Though the yield on the 10-year Treasury has risen about 80 basis points in the past two months, LIBOR has remained low, causing borrowers to explore adjustable-rate executions.

Will the GSEs Tighten Spreads?

Thu, 13 Jan 2011 10:21:59 EST

As all-in rates continue their sudden rise at Fannie Mae and Freddie Mac, the question on everybody's mind is if (or when) the GSEs will tighten their spreads.

GSE Rates Rise Dramatically as the Benchmark Climbs

Tue, 7 Dec 2010 09:21:07 EST

All-in rates on 10-year loans from the GSEs have risen 60 to 70 basis points in the past six weeks, which will likely have a big impact on cap rates, and the acquisition market in general, heading into 2011.

Social Networking and Viral Marketing Are Multifamily's Future

Tue, 27 Oct 2009 03:03:22 EST

Social networking, viral marketing, and Web-based applications will be the wave of the future, so long as someone figures it all out.

Life in the Fast Lane: Indianapolis Mulitfamily Market

Thu, 16 Apr 2009 04:31:23 EST

It's a timeworn truism: Different markets see vast improvement at different times. For Indianapolis, that time is now. After watching its Midwest neighbors, especially Chicago, see tremendous fundamental growth and market tightening over the past 12 to 18 months, the Indianapolis apartment market is now seeing marked advancement in effective rents and occupancy levels. With its diverse economy and population growth, Indianapolis has outperformed neighboring markets over the past year, and its economy is projected to grow at a faster pace than the national average into 2010.

Texas Tenacity: Dallas Multifamily Market

Thu, 16 Apr 2009 04:34:40 EST

Good weather. Good neighbors. Good jobs. A great future. With these attributes on its side, the Dallas/Fort Worth multifamily market is not only moving forward, it is doing so with the kind of determinationthat is emblematic of the Lone Star State.

Ready for Growth: Revenue Performance Up

Tue, 27 Dec 2011 05:15:36 EST

The U.S. apartment market staged a strong performance in the second quarter, according to Marcus & Millichap's quarterly

Mirroring Growth

Fri, 29 Jan 2010 11:00:50 EST

“On the road to recovery” summarizes the current Twin Cities rental market. After several years of stagnant rents and above-market equilibrium vacancy rates, the market is again moving in the right direction. The first quarter vacancy rate this year was 4.4 percent, down from 5.6 percent a year ago. Two years ago, vacancies had climbed to roughly 7.5 percent, considered high for this smaller market. Annualized rent growth for the first quarter of 2007 was 2.4 percent.

Shifting Pieces: Driving Apartment Demand

Thu, 16 Apr 2009 04:23:31 EST

Profound social, cultural, and demographic trends are reshaping the way we live, work, and play. In the process, these trends are paving the way for a rental housing boom unlike anything seen in recent history. For the first time in decades, economic conditions—notably expensive housing prices and rising interest rates—favor rental housing over for-sale housing. At the same time, a wave of young adults and immigrants entering the housing market will drive apartment demand to new highs in the coming years.

Rising Fortunes

Thu, 16 Apr 2009 04:23:13 EST

For three decades, San Jose and the greater Silicon Valley have been among the fastest growing areas in the western United States. While the market no doubt suffered through a not-so-pretty dot-com bust in 2001, that era is past. Taking its place is an economy that is once again deep into a cyclical rise based less on boom fundamentals and more on steady, sustainable growth.

Direct Reports

Thu, 16 Apr 2009 04:22:40 EST

Pittsburgh-based PNC Financial Services Group announced in May that it has signed a definitive agreement to acquire ARCS Commercial Mortgage, the No. 1 Fannie Mae lender for the last several years. For PNC, which is not a Fannie Mae Delegated Underwriting and Servicing lender, the deal will significantly bolster its agency lending business and complement its work as a Freddie Mac Program Plus and FHA Multifamily Accelerated Processing lender.

The Opportunists

Tue, 21 Apr 2009 09:09:46 EST

Whether you run an apartment firm, develop condos, or manage apartments, it's impossible to ignore the latest for-sale housing foreclosure numbers. Florida alone reported 19,144 households in a state of foreclosure in February, up 63 percent from January, according to RealtyTrac. What's behind this foreclosure surge? Buyers with shaky credit scores who obtained sub-prime loans during the housing boom are now defaulting on their mortgages in record numbers because they can't keep up with their mortgage payments.

Smooth Sailing Ahead

Tue, 29 Sep 2009 04:59:02 EST

When the apartment industry was mired in a serious recession in the early 2000s, many people called it a "perfect storm"–and it's easy to see why. A poor economy and low interest rates pulled people out of apartments, while a flood of new construction saturated demand for rentals.

Failed Luxury

Tue, 29 Sep 2009 04:58:00 EST

The condominium market is cooling, and even a star as hot as actor George Clooney can't heat it up again.

Cash Is King

Thu, 16 Apr 2009 04:08:27 EST

With interest rates rising and cap rates stable, the well-funded institutional owners and public apartment firms have returned to the buying arena as leverage buyers find themselves financially pressured and pushed to the side.