Source: CoStar Group
Fascinating Insight: In 2021, the Dallas-Fort Worth multifamily market recorded an impressive sales volume of $26 billion. However, in the last 12 months, this figure plummeted to just $6 billion. This dramatic decline can largely be attributed to rising interest rates, which have led to lower asset values and higher cap rates.
So, how long will these challenging conditions persist? With the CPI inflation rate dropping to 2.9% in July, could the Fed consider a rate cut in September? Stay tuned for updates.