The Gray Report Podcast

Spencer Gray
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The Gray Report Podcast

Learn how to find the best real estate investment with the best information: The Gray Report Podcast, with Gray Capital CEO Spencer Gray, covers the important people, ideas, and trends in the multifamily and commercial real estate industry. Episodes include interviews with industry experts, highlights from the latest news, and in-depth explanations of the crucial concepts and processes behind successful investments in apartments.

  1. 4天前

    Vibe Shift for Multifamily and the Economy?

    Consumer sentiment is shifting as inflation expectations stabilize and more consumers expect lower interest rates in the next 12 months, but after such a long period of economic uncertainty, confidence in the economy is more difficult to find. In the multifamily market, regional differences in apartment supply continue to impact rent growth, but investment activity is poised to increase across all CRE sectors as the Fed continues the current rate cut trajectory. Sources discussed in this episode: CBRE: “Impact of Interest Rate Cuts on Real Estate Cap Rates” - https://www.cbre.com/insights/briefs/impact-of-interest-rate-cuts-on-real-estate-cap-rates Federal Reserve Bank of New York: “Survey of Consumer Expectations, September 2024” - https://www.newyorkfed.org/microeconomics/sce#/ CBRE: “Are big deals suffering more than smaller ones?” - https://www.cbre.com/insights/briefs/cotw-are-big-deals-suffering-more-than-smaller-ones Harvard Joint Center for Housing Studies: “10 Major Housing Stories from the Latest ACS Data” - https://www.jchs.harvard.edu/blog/10-major-housing-stories-latest-acs-data 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/ MSCI: “The What and the When Matter for the Losses of Real-Estate Lenders” - https://www.msci.com/www/blog-posts/the-what-and-the-when-matter/05025154480 For the latest multifamily news from across the internet, visit the Gray Report website: ⁠https://www.grayreport.com/⁠ Sign up for our free multifamily newsletter here: ⁠https://www.graycapitalllc.com/newsletter⁠ DISCLAIMERS: This podcast does not constitute professional financial advice and is for educational/entertainment purposes only. This podcast is not an offer to invest. Any offering would be made through a private placement memorandum and would be limited to accredited investors.

    1 小时 4 分钟

  2. 10月13日

    Tipping Point for the Apartment Market?

    Commercial real estate investment activity has not changed much since last month's interest rate reduction from the Federal Reserve (nor has it had much time to adjust), but sales volumes will almost certainly improve in 2025, given the strong investment prospects for CRE assets at the start of a rate cutting cycle. For multifamily apartments, unambiguous signs of strong demand point to improved performance in the medium-to-long-term, but in the shorter term, elevated levels of apartment supply and typical seasonal demand trends could mean that rent growth continues to trend lower until Spring of next year. Sources discussed in this episode: "As is often the case, we are navigating by the stars under cloudy skies," from "Inflation: Progress and the Path Ahead," Jerome Powell, Aug. 2023 Bureau of Labor Statistics: “Consumer Price Index, September 2024” - https://www.bls.gov/charts/consumer-price-index/consumer-price-index-by-category.htm# CBRE: “What Could Be in Store for Commercial Real Estate” - https://www.cbre.com/insights/briefs/cotw-what-could-be-in-store-for-commercial-real-estate RealPage: “Strong Apartment Demand Persists in 3rd Quarter as Supply Hits 50-Year High” - https://www.realpage.com/analytics/3q-2024-data-update/ Apartment List: “National Rent Report, September 2024” - https://www.apartmentlist.com/research/national-rent-data Yardi Matrix: National Multifamily Report, September 2024 - https://www.yardimatrix.com/publications/download/file/6228-MatrixMultifamilyNationalReport-September2024 Fannie Mae: “September 2024 Home Purchase Sentiment Index” - https://www.fanniemae.com/media/53371/display For the latest multifamily news from across the internet, visit the Gray Report website: ⁠https://www.grayreport.com/⁠ Sign up for our free multifamily newsletter here: ⁠https://www.graycapitalllc.com/newsletter⁠ DISCLAIMERS: This video does not constitute professional financial advice and is for educational/entertainment purposes only. This video is not an offer to invest. Any offering would be made through a private placement memorandum and would be limited to accredited investors.

    1 小时 13 分钟

  3. 10月7日

    Housing Market Freeze in Q4 2024?

    Price growth for single family homes is weakening and could slow further through the end of the year, but underlying drivers of housing demand point to stronger growth in 2025. In the apartment market, rent growth in 2024 has followed a similar trajectory as 2023, but as new apartment supply is expected to decline through 2025 and into 2026, continued growth among the renter population will bring stronger performance for apartment assets at the same time as (expected) lower interest rates should fuel more sales activity for multifamily properties. The apartment market may be cooler in late 2024, but investors are ready for a much hotter market in 2025. Sources discussed in this episode: CoreLogic: “U.S. Home Price Growth Reaches Lowest Level in a Year in August” - https://www.corelogic.com/intelligence/us-home-price-insights-october-2024/ Marcus & Millichap: “Homebuying Out of Reach for Many Households Despite Lower Debt Costs” - https://www.marcusmillichap.com/research/research-brief/2024/09/research-brief-september-housing Goldman Sachs: “US house prices are forecast to rise more than 4% next year” - https://www.goldmansachs.com/insights/articles/us-house-prices-are-forecast-to-rise-more-than-4-percent-next-year Colliers: “National Migration Trends” - https://www.colliers.com/en/research/nrep-us-national-migration-trends-report Moody’s Analytics: “Q3 2024 CRE Preliminary Trends: Positive macroeconomic developments [and] relative stability across most sectors” - https://cre.moodysanalytics.com/insights/cre-trends/q3-2024-preliminary-trend-announcement/ For the latest multifamily news from across the internet, visit the Gray Report website: ⁠https://www.grayreport.com/⁠ Sign up for our free multifamily newsletter here: ⁠https://www.graycapitalllc.com/newsletter⁠ DISCLAIMERS: This video does not constitute professional financial advice and is for educational/entertainment purposes only. This video is not an offer to invest. Any offering would be made through a private placement memorandum and would be limited to accredited investors.

    36 分钟

  4. 9月29日

    The Aftermath of a Rate Cut

    Conditions may not be perfect for multifamily investors right now, but the lending environment and supply/demand fundamentals are lining up for a significant improvements in 2025. With markets currently expecting two more rate cuts before the end of the year, cap rate-interest rate spreads may widen enough to bring more investment activity after a lengthy period in which sales volumes were half the pre-pandemic levels. Sources discussed in this episode: CBRE: “Fed Makes First of Several Expected Rate Cuts” - https://www.cbre.com/insights/briefs/economic-watch-fed-makes-first-of-several-expected-rate-cuts Fannie Mae: “Fed Cuts Interest Rates Amid Sluggish Existing Sales but a Rebound in Starts Activity” - https://www.fanniemae.com/research-and-insights/forecast/fed-cuts-interest-rates-amid-sluggish-existing-sales-rebound-starts-activity Cushman & Wakefield: “Fed Pivots: The Next Chapter for CRE” - https://www.cushmanwakefield.com/en/united-states/insights/fed-pivots-the-next-chapter-for-cre Cushman & Wakefield: “Unpacking Multifamily Supply Risks and Demand Booms” - https://www.cushmanwakefield.com/en/united-states/insights/unpacking-multifamily-supply-risks-and-demand-booms Harvard Joint Center for Housing Studies: “Affordability Challenges and the Composition of Middle-Income Renters” - https://www.jchs.harvard.edu/blog/affordability-challenges-and-composition-middle-income-renters Moody’s Analytics: American Needs More Affordable Housing, Not Just Class A Inventory - https://cre.moodysanalytics.com/insights/market-insights/america-needs-more-affordable-housing-not-just-class-a-inventory/ For the latest multifamily news from across the internet, visit the Gray Report website: ⁠https://www.grayreport.com/⁠ Sign up for our free multifamily newsletter here: ⁠https://www.graycapitalllc.com/newsletter⁠ DISCLAIMERS: This video does not constitute professional financial advice and is for educational/entertainment purposes only. This video is not an offer to invest. Any offering would be made through a private placement memorandum and would be limited to accredited investors.

    1 小时 9 分钟

  5. 9月22日

    Fed Slashes Rates 0.5%: Will CRE Investors Rush into the Market?

    In this edited replay of our live Gray Report video on the recent interest rate decision from the Federal Reserve, Spencer Gray, Jay Reeder, and Matt Bastnagel of Gray Capital discuss the current multifamily market as well as remarks from Federal Reserve Chair Jerome Powell at the September 2024 FOMC meeting and press conference. Sources discussed in this episode: Apartment List: “Apartment List's 2024 Millennial Homeownership Report” - https://www.apartmentlist.com/research/millennial-homeownership-2024 For the latest multifamily news from across the internet, visit the Gray Report website: ⁠https://www.grayreport.com/⁠ Sign up for our free multifamily newsletter here: ⁠https://www.graycapitalllc.com/newsletter⁠ DISCLAIMERS: This video does not constitute professional financial advice and is for educational/entertainment purposes only. This video is not an offer to invest. Any offering would be made through a private placement memorandum and would be limited to accredited investors.

    1 小时 3 分钟

  6. 9月16日

    The CRE Resurgence Has Already Started

    With CPI showing continued declines in inflation this week and lower ten-year treasury yields foreshadowing an expected interest rate reduction from the Federal Reserve, investors continue to show more activity and interest in the CRE investment market, with multifamily properties specifically showing noticeable positive growth in property prices since the beginning of the year. Rents in the apartment sector will likely follow a similar trajectory as 2023, with seasonal trends pointing to slower rent growth through the end of the year, but investors are not blind to the prospects of the multifamily market and are acting on expectations of stronger performance as the surge in newly-built apartments wanes through the end of 2024 and into 2025. Sources discussed in this episode: Associated Press: “Police deny Venezuela gang has taken over rundown apartment complex in Denver suburb” https://apnews.com/article/venezuela-immigrants-aurora-colorado-police-37acd4e064347d51808cb244117ac21e CBS News: “Colorado law firm report claims Venezuelan gang has "stranglehold" on apartments, takeover began in 2023” - https://www.cbsnews.com/colorado/news/colorado-law-firm-report-claims-venezuelan-gang-stranglehold-apartments-takeover-began-2023/ Bureau of Labor Statistics: “Consumer Price Index, August 2024” - https://www.bls.gov/news.release/cpi.nr0.htm Colliers: Capital Markets Snapshot: “Major Investors Return to the Market” - https://www.colliers.com/en/research/nrep-uscm-capital-markets-us-snapshot-q2-2024 MarketWatch: “Commercial real-estate investors are ready to get back in the market, says PGIM” - https://www.marketwatch.com/story/commercial-real-estate-investors-are-ready-to-get-back-in-the-market-says-pgim-dbd4fc06 Green Street: “Commercial Property Price Index” - https://www.greenstreet.com/insights/CPPI Apartment List: National Rent Report, August 2024 - https://www.apartmentlist.com/research/national-rent-data Yardi Matrix: “National Multifamily Report: August 2024” - https://www.yardimatrix.com/publications/download/file/6087-MatrixMultifamilyNationalReport-August2024 RealPage: “U.S. Apartment Market Sees Negligible Change in August” - https://www.realpage.com/analytics/august-2024-data-update/ For the latest multifamily news from across the internet, visit the Gray Report website: ⁠https://www.grayreport.com/⁠ Sign up for our free multifamily newsletter here: ⁠https://www.graycapitalllc.com/newsletter⁠ DISCLAIMERS: This video does not constitute professional financial advice and is for educational/entertainment purposes only. This video is not an offer to invest. Any offering would be made through a private placement memorandum and would be limited to accredited investors.

    56 分钟

  7. 9月9日

    The Biggest Barrier to Housing Growth in the United States

    Recent years have seen housing costs rapidly climb, and high interest rates are only part of the problem. Housing policies attuned to the benefits of additional housing supply often meet opposition at the hyper-local level, but policymakers are becoming increasingly more attentive to the ways in which deregulation can help solve the housing affordability crisis and create more housing supply. Multifamily rent growth has been dampened by the record levels of new apartment supply, but apartment investors remain encouraged by the signs of sustained housing demand. Sources discussed in this episode: The Atlantic: “The Labyrinthine Rules That Created a Housing Crisis” - https://www.theatlantic.com/ideas/archive/2024/09/jerusalem-demsas-on-the-housing-crisis-book/679666/ CoreLogic: “10 Things to Know About the Mortgage and Housing Market Right Now” - https://www.corelogic.com/intelligence/10-things-to-know-august-2024/ Harvard Joint Center for Housing Studies: “Rental Markets Are Cooling, but Rents Still Far Exceed Pre-Pandemic Levels” - https://www.jchs.harvard.edu/blog/rental-markets-are-cooling-rents-still-far-exceed-pre-pandemic-levels For the latest multifamily news from across the internet, visit the Gray Report website: ⁠https://www.grayreport.com/⁠ Sign up for our free multifamily newsletter here: ⁠https://www.graycapitalllc.com/newsletter⁠ DISCLAIMERS: This video does not constitute professional financial advice and is for educational/entertainment purposes only. This video is not an offer to invest. Any offering would be made through a private placement memorandum and would be limited to accredited investors.

    45 分钟

  8. 9月2日

    Cap Rate Predictions and Trump vs. Harris on Housing

    The multifamily market continues to work through historic amounts of new apartment supply as the end of peak leasing season approaches, and rent growth could remain below average through the end of this year. At the same time, cap rate estimates suggest higher investor demand moving forward, particularly when factoring in a more favorable debt environment, and persistent housing demand is expected to support a more active and competitive apartment market as the amount of newly-built apartments diminishes through the end of 2024 and into 2025. Sources discussed in this episode: CBRE: “U.S. Cap Rate Survey H1 2024” - https://www.cbre.com/insights/reports/us-cap-rate-survey-h1-2024 Fannie Mae: “2024 Mid-Year Multifamily Market Outlook – Skies Remain Cloudy” - https://www.fanniemae.com/media/53066/display Bisnow: “Harris and Trump Agree On Lowering Housing Costs — But Their Plans Take Radically Different Paths” - https://www.bisnow.com/national/news/multifamily/housing-has-emerged-as-a-top-election-issue-heres-where-harris-and-trump-stand-125615 For the latest multifamily news from across the internet, visit the Gray Report website: ⁠https://www.grayreport.com/⁠ Sign up for our free multifamily newsletter here: ⁠https://www.graycapitalllc.com/newsletter⁠ DISCLAIMERS: This podcast does not constitute professional financial advice and is for educational/entertainment purposes only. This podcast is not an offer to invest. Any offering would be made through a private placement memorandum and would be limited to accredited investors.

    52 分钟
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关于

Learn how to find the best real estate investment with the best information: The Gray Report Podcast, with Gray Capital CEO Spencer Gray, covers the important people, ideas, and trends in the multifamily and commercial real estate industry. Episodes include interviews with industry experts, highlights from the latest news, and in-depth explanations of the crucial concepts and processes behind successful investments in apartments.

信息

  • 创作者
    Spencer Gray
  • 活跃年份
    2022年 - 2024年
  • 单集
    155
  • 分级
    儿童适宜
  • 版权
    © Spencer Gray
  • 节目网站
    The Gray Report Podcast

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