Renting is still more cost-effective than owning, the latest Newmark research finds. Sharon Karaffa shares details in this episode with MHN’s Laura Valean.
Multifamily fundamentals continue to be strong, with record demand and annual absorption at high levels, Newmark’s second-quarter multifamily capital markets report found. Investors continue to favor the Sun Belt, but some Rust Belt markets like Milwaukee and Columbus have also been showing strong absorption.
“Because of affordability and stable employment basis and perhaps lower supply growth in these markets, we have seen more investors move into those Rust Belt markets,” Karaffa told Multi-Housing News Senior Editor Laura Valean in this month’s Mission Success: Women in Multifamily podcast episode.
READ ALSO: 5 Reasons Multifamily Is an Anchor in Turbulent Times
With more than two decades of experience in multifamily finance, Newmark’s president of Multifamily Debt & Structured Finance specializes in revenue growth, business development and client and lender relationships, while also leading the company’s Fannie Mae, Freddie Mac and FHA lending platforms.
Here’s what Karaffa and Valean talk about in the September issue of this monthly series:
- The historic multifamily absorption (1:16)
- Vacancy rates, pricing power and NOI growth potential (2:23)
- How will rent growth perform? (2:59)
- Is the Sun Belt approaching a saturation point? (3:46)
- Rust Belt markets (4:49)
- Construction starts and the financing environment (5:55)
- The evolution of GSEs’ role (6:45)
- Bank participation (8:32)
- Refinancing risk and potential distress (9:31)
- One-year extensions (10:38)
- Multifamily sales volume (11:49)
- Multifamily outlook (12:34)
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