
2026 Market Intelligence Report
Walker & Dunlop’s 2026 Market Intelligence Report examines where the multifamily market stands today and how the next phase of the cycle is taking shape. Grounded in proprietary data and transaction-level insights, the report explores how risk has been re-priced, where capital remains active but selective, and why outcomes are increasingly driven by asset quality, basis, and execution.
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Where We Are &
Where We're Going
Inside the report:
- How the multifamily market has reset into a more disciplined, selective phase where asset quality, underwriting, and execution—not leverage—drive outcomes
- Why values resetting 20–30% below peak, alongside elevated replacement costs, are creating a rational and compelling entry point for new investment
- Where capital and credit are available across the risk spectrum and why asset fundamentals increasingly bifurcate liquidity, pricing, and performance