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Year over year slows but March picks up over February.
Professional BTR management is a large driver of residents into the sector.
Also, the labor market showed positive signs on staffing and costs.
Many might have a non-negotiable reason for their move – like a higher-paying job.
Property Navigator can provide data on commercial and residential properties.
Year-to-date sales of homes in February were down YOY nearly 40%.
Silverstein sells Midtown tower, built in 1958 and 63% occupied, for $105M.
The bridge lender was Greystone Monticello.
This year, multifamily investment is expected to fall 15%, but it isn't for a lack of renter demand. Higher interest rates and market uncertainty is upending deals.
There are the trouble spots, not only for owners and investors but for local markets that might see a lot of distress.