The economy and Commercial Real Estate market are rapidly evolving, and it is more important than ever to remain up-to-date on recent changes and trends! We have pulled together the latest data to provide you with a snapshot of the state of the multifamily space, as of mid-April 2020. Check it out here!
The current CRE landscape
The U.S. economy started the year on solid ground. As of early March, the economy was on track to produce stable growth, supported by a strong job market, positive earnings, and confident consumers who account for nearly 70% of GDP. Despite these seemingly positive underlying fundamentals, the Coronavirus or COVID-19 quickly put a halt on near-term global economic growth.
The road ahead will likely be filled with false starts and setbacks as we are currently seeing in early COVID-19 sufferers such as China, but as the global community unites, we will overcome the scientific and financial challenges ahead.
What's in the latest Multifamily Outlook Report
Walker & Dunlop is a top multifamily lender for Freddie Mac and Fannie Mae. In our latest outlook report, we cover everything from the impact of COVID-19 on the economy and the appraisal industry to a closer look at a transforming market. In this issue, we discuss:
- The current economic landscape
- Push towards innovation
- How Apprise by Walker & Dunlop is managing the appraisal process during the pandemic
- Mike Altman on the rise of Cortland as an industry powerhouse
- Market Spotlight: Phoenix growth and affordability
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