Market: Philadelphia

Despite a nationwide oversupply, US apartment investors continue building, expecting rental demand to recover by 2026.

A record $957B in CRE loans will mature in 2025, but the MBA is projecting $583B in new loans.

The senior housing market is shifting from oversupply to scarcity as baby boomers hit their 80s, fueling demand while high costs keep new construction slow and affordability uncertain.

Commercial real estate lending surged in Q4 2024, with CBRE’s Lending Momentum Index up 37% year-over-year, driven by abundant capital, strong fundamentals, and increased bank activity.

After months of seasonal declines, U.S. apartment rents ticked up in January, though growth still lagged long-term norms.

New HUD chief Scott Turner is focused on privatizing Fannie Mae and Freddie Mac, cutting costs, and exploring a rebrand.