Multifamily in the U.S. is experiencing its best occupancy since 2002. Why? Is it our stellar industry personality? Better dressed leasing agents? Shiny glass doors? Nope. Occupancy is high for the same reason gasoline goes up right before Labor Day… supply and demand. There are a few other reasons, of course. Let’s explore them.
Mortgage squeeze. How many people do you know that have applied for mortgage financing? How many obtained the loan they wanted? As if refinancing were not difficult enough, new rules imposed by Fannie/Freddie have increased standards banks must meet to sell their originated loans to these GSE (Government Sponsored Entities).
Read more...Five Reasons Why Multifamily Occupancy is Sky High | Multifamily Insight Blog
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