Multifamily investors are bullish on the strength of the market, according to the recent findings of the Mid-Year Berkadia Powerhouse Poll, conducted by the lending firm in July.
Even with many disruptive market factors, like rising interest rates and an uncertain political and regulatory environment, 70% of Berkadia mortgage bankers and investment experts say that by year’s end, multifamily industry deal volume will either increase or stay the same, and 67% said the same about the number of multifamily transactions in the industry.
The sentiment remains optimistic from the beginning of the year, when the first Powerhouse Poll found that nearly three-quarters (74%) of mortgage bankers expected to see no downturn in the multifamily lending space this year.
Seventy-two percent of respondents in the mid-year survey say that multifamily will be the most active sector for the remainder of the year, and 81% of respondents say that their outlook now is either more positive or the same compared to what it was at the beginning of the year.
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