

Discover more from The Real Signal - Real Estate + Macro - By Scott Choppin
The Real Signal #52 - Multifamily Buyer Seller Price Gap Widest Since 2012
Multifamily Buyer Seller Price Gap Widest Since 2012
“Sellers are holding out for prices that are no longer realistic. MSCI’s bid-ask spread reflects the difference between what U.S. property owners are asking for and what buyers are willing to pay…the gap for multifamily apartments was 11%, the widest it’s been since early 2012.”
Source: @DiMartinoBooth on x.com, MSCI
Multifamily Markets Still Experiencing Rent Growth
“Here are the U.S. metros (among top 150 largest) seeing the most rent growth right now, and one thing stands out: It's mostly small markets with very little new apartment construction.
In fact, only one major metro remains above 4%-- Northern New Jersey.
But what really jumps out are the college towns on this list... and even more that just missed the top 15 cut. In fact, nearly half of all U.S. markets ~4%+ could be called college towns.”
Source: @JayParsons on x.com
Fed Interest Payments Go Parabolic
“It’s just a flesh wound”
Source: @NorthmanTrader on x.com