Redfish Mark

Multi-Family Real Estate: Fannie and Freddie's Next Headache?

One of the biggest upcoming risks to the multifamily sector will be declining occupancy rates over the next year (national forecast in the range of -1%) which will impact NOI negatively. That said, we’d agree with the IRET comment above that in many markets around the country (we track over 220) multifamily fundamentals are as strong as they’ve been in years, and Fannie and Freddie are backing good projects (with rock solid ops numbers) in strong markets.