Entries by Bendix Anderson

Pullback Continues in the Investment Sales Market for Apartment Properties

Sales of single properties are slowing, suggesting broad correction in the market. Investors spent a lot less money on apartment properties so far this year compared to 2016, but prices in the sector keep rising anyway. Prices for mid-rise and high-rise properties inched up 1.0 percent year-over-year, and prices for garden-style apartment properties grew 10.0 percent […]

Confronting the Affordable Housing Gap

The solution will come from various sources working together. The concern voiced so often today about housing affordability reflects a sobering truth: Rents are rising more quickly than wages—and most new houses and apartments are priced such that only the wealthiest people can afford to live in them. “We have an affordable housing crisis. In […]

Banks Pull Back From Large Multifamily Loans

While banks are still the largest financier and loan originator in the apartment construction market, they’re unwilling to lend as much now as they have been in the past compared with the value of the property, according to National Real Estate Investor’s Bendix Anderson. Banks that once made loans that covered up to 75% of […]