It’s the end of June and the first half of 2024 is in the rearview mirror. Where did all those “distressed” deals go?
We’re at the front lines: 2 closing this week, and 7 more scheduled to close by July 22nd.
Over the last 30-45 days, we’ve witnessed significant changes in transaction volume and pricing. What’s driving these changes?
A handful of factors, yet it’s clear that capital is getting much more aggressive.
The below video highlights my thoughts, and includes comments on the following:
- JOBS: May’s job report showcasing a resilient economy of mixed signals, with both an increase in jobs and a rise in unemployment.
- RENTS: Seattle is now ranked 10th of the top 12 markets for rent growth in June, and further increases are predicted.
- SALES: Blackstone’s recent $2.1 billion acquisition of urban properties marks the start of price discovery and market escalation.
Dylan
206.414.8575
Articles:
- Hiring and Wages are Up, Reinforcing the Economy’s Resilience
- Top 12 Multifamily Markets for Rent Growth in Q2 2024
- Market Review Real Estate April 2024
- Simon Anderson Multifamily Team