2021 Real Estate Outlook
I'm really excited for another strong year in the multifamily sector. Here are a few high level take aways from my point of view as a mortgage broker in the space.
1) Multifamily investing expected to increase by 33% in 2021 to $148B
2) GDP expected to rebound nicely up 4.5% in 2021
3) Despite being hit hardest by the pandemic, urban submarkets expected to provide longer-term upside potential
4) The Affordable West - look for midsized cities like Sacramento, Albuquerque, and Spokane (Go Zags) to see an increase in multifamily activity as these enjoyable cities present affordable opportunities
Curious to hear any trends that others are interested to see play out. Check it out - https://cbre.co/35mLsDK