The biggest question on everyone’s mind in the morning session was the volatility in the government-sponsored enterprises (GSEs).
The biggest question on everyone’s mind in the morning session was the volatility in the government-sponsored enterprises (GSEs).
Freddie Mac and Fannie Mae together pumped almost $90 billion of financing into every corner of the multifamily market last year hitting a new record high.
Multi-family development has steadily grown to reach today’s pre-crash average of 330,000 units per year. But many building are starting to show their age.
First-time buyers aren’t playing as big a role in the housing market as they did a few years ago, when lower prices & a big tax credit lured them to market.