Some borrowers and lenders remain under pressure with property values still down from their peak and interest rates still elevated at this point in the rate cycle, with the Department of Housing and Urban Developing proposing more relaxed loan standards, and housing continues to play a sizable role in the political conversation at the height of election season.
Sources discussed in this episode:
Bisnow: “Both Presidential Candidates Want To Solve The Housing Crisis. Do They Have The Power?” - https://www.bisnow.com/national/news/multifamily/housing-policy-proposals-kamala-harris-donald-trump-126324
HUD - “New Guidelines for 223(f) and 221(d)4” - https://www.hud.gov/sites/dfiles/Housing/documents/Draft_ML_Governing_Rollback_of_TV_DSCR_Final_DraftingTable.pdf
Fannie Mae: “Build-to-Rent Overview” - https://www.fanniemae.com/media/53426/display
CBRE: “Build-to-Rent Residential Market Overview” - https://www.cbre.com/insights/reports/build-to-rent-overview-2024
John Burns Research and Consulting: “Slowing immigration set to give a smaller boost to housing” - https://jbrec.com/insights/immigration-slowdown-in-2025-expected-to-decrease-rental-demand/
CoreLogic: “National Rent Growth Remains Slow and Steady in August” - https://www.corelogic.com/press-releases/corelogic-national-rent-growth-remains-slow-and-steady-in-august/
Moody’s Analytics: “New Residential Construction in 5 Graphs” - https://www.moodyscre.com/insights/cre-trends/new-residential-construction-in-5-graphs/
MSCI: “More to Revival of Listed US Real Estate Than Rate Cuts” - https://www.msci.com/www/quick-take/more-to-revival-of-listed-us/05046284915
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