September 9, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. With lower home supply and no declines in MF property value, higher demand for workforce housing drives the market.
Rate Desk notes September 9, 2020
- Indices up
- Crude $38.15
- UST yields .70
- 223(f) 2.17%
- 221(d)(4) 2.77%
- Fannie 2.75%
- Freddie 2.90%
- Family friendly amenities
- Low home supply
- Concentrated amenities in multifamily
- No substantial value drop due to COVID‐19
- Some short‐term collection issues
- No declines in value
- Affordability vs luxury
- Higher demand for workforce housing
- Luxury units harder to fill
