{"id":248,"date":"2020-12-17T13:56:36","date_gmt":"2020-12-17T13:56:36","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=248"},"modified":"2023-02-17T08:54:33","modified_gmt":"2023-02-17T08:54:33","slug":"multifamily-transactions-down-but-set-to-rebound","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/multifamily-transactions-down-but-set-to-rebound\/","title":{"rendered":"Multifamily Transactions Down, but Set to Rebound"},"content":{"rendered":"<h2>Strong Capital Flows Point To Rebound in Multifamily Deals<\/h2>\n<ul>\n<li>Multifamily transaction activity has fallen sharply in 2020 due to the fallout from COVID-19. Through three quarters in 2020, $50.6 billion of multifamily property sales were completed in the U.S., down 41.7% from $86.5 billion through the same period a year ago, according to Yardi Matrix. There\u2019s little hope full-year volume will get close to 2019\u2019s record high of $127.8 billion.<\/li>\n<li>The impact has been uneven across metros, regions and property types. Gateway and coastal metros have generally seen a larger decline in deal flow than secondary and tertiary markets in the Sun Belt and Southwest.<\/li>\n<li>Much of the change could be described as a \u201cfiltering\u201d effect: investors moving from urban cores to inner-ring suburbs, from primary to secondary metros and from secondary to tertiary metros. This phenomenon results from several factors, including owners putting fewer properties on the market, disagreement between buyers and sellers about prices, the composition of buyers, and the competition for assets.<\/li>\n<li>Sales recovered in the third quarter after hitting a trough in 2Q20, but like so much about the economy, a return to \u201cnormal\u201d transaction activity is hard to predict. Until the pandemic recedes and people can return to daily activities with the help of an effective vaccine, uncertainty will linger.<\/li>\n<li>Despite worrying economic signals\u2014<strong><a href=\"https:\/\/www.yardimatrix.com\/publications\/download\/file\/1154-MatrixBulletin-Employment-November2020?utm_source=Matrix-Blog&amp;utm_medium=Social\">U.S. unemployment<\/a><\/strong> numbers remain high, gateway market occupancy rates and rents have plummeted, and December rent payment data shows more tenants not making payments\u2014multifamily fundamentals have held up better than other commercial property segments and loan delinquencies remain low.<\/li>\n<li>Capital availability is strong due to lack of better alternatives, optimism about future demand for housing, and the stability afforded by the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac. Acquisition yields have barely budged despite the pandemic.<\/li>\n<\/ul>\n<p>Read the full <a href=\"https:\/\/www.yardimatrix.com\/publications\/download\/file\/1171-MatrixBulletin-MultifamilyTransactions-December2020?utm_source=Matrix-Blog&amp;utm_medium=Social\"><strong>Matrix Bulletin-Multifamily Transactions-December 2020<\/strong><\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Strong Capital Flows Point To Rebound in Multifamily Deals Multifamily transaction activity has fallen sharply in 2020 due to the fallout from COVID-19. Through three quarters in 2020, $50.6 billion of multifamily property sales were completed in the U.S., down 41.7% from $86.5 billion through the same period a year ago, according to Yardi Matrix. [&hellip;]<\/p>\n","protected":false},"author":463,"featured_media":249,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[24,23],"tags":[44],"class_list":["post-248","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-matrix-research","category-studies-and-guides","tag-matrix-bulletin"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Multifamily Transactions Down, but Set to Rebound - Yardi Matrix Blog<\/title>\n<meta name=\"description\" content=\"Multifamily transaction activity has fallen sharply in 2020 due to the fallout from COVID-19. Through three quarters in 2020, $50.6 billion of multifamily property sales were completed in the U.S.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.yardimatrix.com\/blog\/multifamily-transactions-down-but-set-to-rebound\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Multifamily Transactions Down, but Set to Rebound\" \/>\n<meta property=\"og:description\" content=\"Multifamily transaction activity has fallen sharply in 2020 due to the fallout from COVID-19. Through three quarters in 2020, $50.6 billion of multifamily property sales were completed in the U.S.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.yardimatrix.com\/blog\/multifamily-transactions-down-but-set-to-rebound\/\" \/>\n<meta property=\"og:site_name\" content=\"Yardi Matrix Blog\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-17T13:56:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-02-17T08:54:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2021\/01\/LinkedIn_Blog_Matrix_Special_Report_MF_Transactions_Dec2020_Social_Graphics_12788.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"628\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Paul Fiorilla\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Paul Fiorilla\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Multifamily Transactions Down, but Set to Rebound - Yardi Matrix Blog","description":"Multifamily transaction activity has fallen sharply in 2020 due to the fallout from COVID-19. 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