by Calculated Threat on 1/22/2025 12:16:00 PM
As we speak, within the CalculatedRisk Actual Property E-newsletter: NMHC on Residences: “Looser market conditions for the tenth consecutive quarter”
Excerpt:
From the NMHC: Condominium Market Experiences Loosening Situations, Decreased Deal Movement and Much less Out there Financing to Begin the New Yr
Condominium market circumstances declined within the Nationwide Multifamily Housing Council’s (NMHC’s) most up-to-date Quarterly Survey of Condominium Market Situations. All 4 indices – Market Tightness (40), Gross sales Quantity (41), Fairness Financing (48) and Debt Financing (32) – got here in under the breakeven degree (50), signaling much less favorable circumstances this quarter.
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• The Market Tightness Index got here in at 40 this quarter – under the breakeven degree of fifty – indicating looser market circumstances for the tenth consecutive quarter. Barely over half (52%) of respondents thought market circumstances have been unchanged relative to 3 months in the past, whereas a 3rd of respondents thought circumstances have turn out to be looser. Fourteen % of respondents reported tighter market circumstances than three months prior.This index has been a superb main indicator for rents and emptiness charges, and this means increased emptiness charges and an extra weak spot in asking rents. That is the tenth consecutive quarter with looser circumstances than the earlier quarter.
There may be far more within the article.
