Rates on the Rise
Could Florida's impending changes to Disney impact commercial real estate? How are rising construction costs impacting housing affordability?
The Multifamily Minute takes a look at the latest news and trends across the multifamily industry, featuring content from Janover.Ventures’ affiliated sites.
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Interest Rate Increases Incoming
With the Fed meeting this afternoon, it’s highly likely that we’ll see interest rates spike in the near term. Our analysts anticipate three consecutive 50-basis-point increases in May, June, and July. Some lenders appear to be pricing these increases into their loan offerings. While multifamily rates are trending a bit lower right now, it helps to have an advisor to understand what your next loan terms could look like. Get in touch with us today.
Florida’s Disney Problem
With lots of recent focus on Gov. DeSantis’ signature of a law set to dissolve Disney’s Reedy Creek Improvement District, Multifamily.Today dives into the potential impacts this action could have on commercial and multifamily real estate in the area. The short answer? It won’t just affect Disney. Find out what these changes could mean for real estate tax in Greater Orlando.
Construction Costs Push Affordability Out of Sight
The costs of materials and labor continue to escalate: Timber today is about three times the price it was pre-pandemic, for example. These higher prices are pushing affordable developments out of sight of many developers and investors, which will likely have knock-on effects in the availability of new affordable units. Find out what general contractors and developers are saying can be done on our latest HUD.Loans blog post.
Luxury Absorption Rebounds
Though most attention on housing shortages focus on affordable properties — and understandably so — upscale units are also in short supply these days, particularly in core gateway markets like New York City, a stark contrast to two years earlier. Find out more on Multifamily.Today’s coverage of a $105 million luxury refi in Northern New Jersey.