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The affordability gap will probably be worse next year.
COVID has encouraged potential buyers to move from urban apartments to suburban homes.
Still, this will be the best year for economic growth since 1984.
But there are many other key issues and opportunities unique to specific markets, Newmark says.
BentallGreenOak is investing equity in Xebec-sponsored ventures.
The company is in advanced negotiations to construct build-to-rent communities of 2,500 units throughout the US.
"Supply chain disruptions are at the top of my mind."
Agency and GSE portfolios and MBS saw their holdings of commercial/multifamily mortgage debt increase by $23 billion, or 2.8%.
Households are being priced out of homeownership by rising home prices, high debt burdens, and wage levels that haven't kept up with inflation.
Strong rent growth this year will continue as supply shortages in the for-sale housing market and ongoing demographic pressure from aging millennials persist.