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Hotels and senior housing are likely to see more activity than other property types in challenging rate environment.
Occupancy ticked up in August, but labor and admissions challenges are likely to continue to plague the sector.
Many of those who relocated over the pandemic were renters.
Repeat sales indexes measure appreciation based on the difference between the price of a home now versus its prior sale.
Rents slumped for the second consecutive month, in the largest single-month dip since Apartment List started tracking rent data in 2017.
The sector is buoyed by strong fundamentals, inelastic demand and creditworthy tenants.
'There may be another shoe to drop,' says one industry watcher.
Four pricey metros posted rent-to-income ratio declines in the third quarter.
Looming lease expirations are one of the biggest threats to the CRE loan market, particularly for office.
Sales activity is on track to make 2022 the third strongest year in history.