Cronan is the editor of Real Estate Florida

LAKE BUENA VISTA, FL-The nation’s multifamily housing sector appears to have plenty of upside during the coming year as excess inventory is absorbed, a group of experts told members of the Mortgage Bankers Association during its Commercial Real Estate Finance/Multifamily Housing Convention & Expo here Monday. “I think there is going to be tremendous demand for multifamily,” says Phillip J. Weber, senior VP of multifamily for Fannie Mae and one of four panelists addressing the subject of lending in that property sector.

Weber cites statistics such as anticipated national population growth of 14 million in the next five years, including a good percentage of “echo boomers,” who may take up the current excess of residential condominium units on the market. Many metropolitan markets nationwide are showing as much as an 80% supply of condos to work through, he says.

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