Join industry expert Chris Canter of Newmark as he moderates a panel at the upcoming Phoenix Multifamily & Single-Family Build-to-Rent conference on April 18. With over 13 years of experience in commercial real estate, Canter has been involved in transactions totaling $2 billion and more than 10,000 units. Get a sneak peek into his session at the event.
As interest rates stabilize and potentially decrease in the future, will we see fewer defaults than previously anticipated? Will there be an increase in refinancing now that rates are expected to go down?
The threat of widespread default does decrease slightly as most lenders prefer not to take back and operate properties. Lenders have been working with borrowers by extending loans if they act in good faith. We can expect to see more refinancing and sales soon.
Both build-to-rent (BTR) properties and multifamily assets are sensitive to interest rates despite BTR being considered its own asset class.
With lower interest rates on the horizon, will there be a shift towards home buying instead of single-family rentals?
There is currently a trend towards lifestyle renters who prioritize experiences over homeownership. The average mortgage payment is significantly higher than rent payments by over $1300 per month which may make it difficult for some individuals to afford homeownership even with lower interest rates.
Don’t miss out on connecting with industry leaders at Connect Phoenix Multifamily & Single-Family Build-to-Rent conference on April 18 at Westin Kierland Resort & Spa where you’ll gain insights into market trends and upcoming changes.Register Now!
