Most of the supply expected to be delivered in the latter half of 2023 and 2024 has been preleased.

The top 15 commitments to real estate funds by private investment totaled $3.73 billion.

"Sellers who can wait out potential market shifts realize they can be patient for the right price and buyer."

The prices buyers are willing to pay have risen as well.

And these loans are coming due in a somber capital markets environment.

The average entry cost during the first half of 2023 was $103,200 per key, a 4.1% decline from last year.

CBRE predicts a rental rate increase and a more active sales market in H2.

Builder confidence fell six points to 50 from July to August.