The WorD - May 2024 Edition
Walker & Dunlop
We create communities – with ideas and capital – where people live, work, shop, and play.
🚨Introducing Walker & Dunlop’s first edition of The WorD Newsletter!
From Walker & Dunlop insights to timely industry news, this monthly newsletter offers a mix of the latest trends and information in commercial real estate. The WorD features thought leadership articles, news links, analysis reports and a calendar of upcoming events and Walker Webcasts!
Finance: Student Housing 🏠
- 2024 STUDENT HOUSING OUTLOOK: Derived from substantial transaction volume in investment sales, structured finance, and loan servicing, our recently released 2024 Student Housing Outlook explores recent trends and new predictions for the sector.
Finance: Affordable 🏢
- THE LAWSON HOUSE GRAND OPENING: The Lawson House begins a new chapter! First built in 1931 as a YMCA, the newly reconstructed affordable housing building now has 400+ rooms set aside for unhoused men and women; and continues to maintain affordable housing for the next 50 years! Check out the full write-up here. 🔗
Research ✏️
- RENTING MORE FAVORABLE TO BUYING: Nearly three years of steadily rising mortgage rates have shifted the rent versus buy calculation to the largest degree in 15 years. Check out our latest post about Renter’s Nation to learn more.
Insights with Ivy Zelman💡
From a housing perspective, April pending home sales were weaker than expected – another data point suggesting a moderation in housing demand during the peak of the selling season due to the recent increase in mortgage rates back above 7%.
During the week ending May 26th, net absorptions across the western markets (CA, AZ and NV) increased 3% sequentially to 0.83 sales per community – more resilient than the typical 5-10% sequential decline observed during the week of Memorial Day weekend over the 24-year history of our data series.
Despite the modest sequential improvement, last week’s absorption pace was still hovering at its lowest levels observed this year with the exception of early January. On a year-over-year basis, absorptions were up 1% following two straight weeks of declines.
Finance & HUD 💰
Last month, HUD revealed their mid-year affordable housing rankings, and W&D ranked #2 overall for affordable and multifamily and #5 for healthcare – with a total of $331 million in HUD volume transactions of closed loans.
Investment Management - Walker & Dunlop Investment Partners 📈
- Geoffrey Smith, Senior Managing Director and Head of WDIP Debt, shared that smaller family offices and RIAs have been actively seeking opportunities and carefully selecting top-tier fund managers for their long-term investment strategies, which WDIP believes this trend to be a promising opportunity. Read more of his insights 🔗
- Cameron Croy, Director, WDIP, spoke at Portfolio Summit’s Midwest RIA Summit in May to discuss how WDIP’s Lending Platform provides enhanced liquidity. Check out his full insights here.
Walker Webcast 🔊
The Walker Webcast brings brilliant minds from broad and varied backgrounds to engage in conversation with our CEO, Willy Walker.
Catch up on last 3 episodes & subscribe to stay informed.
Upcoming Events 📅
- June 19th at 12:30 pm EST - The Most Insightful Hour in CRE with Peter Linneman and Willy Walker LIVE from Chicago - Register Here! 📅
To stay updated with the latest news and trends, subscribe to our newsletter and follow Walker & Dunlop on LinkedIn.
Senior Assistant, Capital Markets at Walker & Dunlop Realtor, Redefined Realty Advisors, LLC
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