Single-family decline, multi-family increase

To Estimated risk per 26.05.2023 13:08:00

Today in the Calculated Risk Real Estate newsletter: Fannie and Freddie Serious Offenses in April: Single-Family Down, Multi-Family Up

Short excerpt:

In April, the number of serious offenses per family continued to decline, but the number of serious offenses per family is now on the rise.

Multi-family Freddy with serious late paymentsFreddie Mac reports that multi-family arrears rose to 0.19% in April, up from 0.08% in April 2022.

This graph shows the level of severe arrears in Freddie’s apartment buildings since 2012. In 2012, the level was still high after the housing crisis and the financial crisis.

The level of apartment buildings has increased since the pandemic and has increased recently. rent growth has slowed down, the vacancy rate has increased and interest rates have risen sharply. It will be something to watch the rent drop.

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