CRE Moves Forward While the Economy Treads Water
Investment sales activity is up year-over-year in both the multifamily market and the CRE market as a whole. Lending activity has also increased for commercial and multifamily markets. Recent GDP and employment data tracks continued economic expansion and job growth, but at a moderate pace not high enough to dispel persistent economic uncertainty. Multifamily investors, however, continue to look past the current economic uncertainty, with institutional buyers more confident and sales cap rates compressing as the market continues its gradual recovery.
National YoY Rent Growth Average, April 2026*
-0.45% ↓
* Based on data from RealPage, Zillow, Yardi Matrix, Apartment List, and CoStar
National Occupancy Average, April 2026*
93.35% ↑
* Based on data from RealPage, Yardi Matrix, Apartment List, and CoStar
3.60% ↓
3.64% –
Multifamily Sales Activity and Economic Updates
Multifamily Transactions up Year-over-Year but Down Since Q4 2025 (RealPage)
Apartment REITs Earning Calls Show Institutional Optimism for Rent Growth and Demand (Jay Parsons)
Commercial/Multifamily Borrowing Increased 52 Percent in the First Quarter of 2026 (MBA)
U.S. payrolls jump more than expected, but risks remain (CNBC)
Home Prices and Housing Market Data
Year-over-year price growth continued to slow, rising just 0.4% in March 2026 (Cotality)
Has housing’s spring forward stalled this year? (John Burns Research and Consulting)
Home Sales Rise Slightly in April Despite Economic Uncertainty From Iran War (Realtor.com)
Single Family Realtor Confidence Improves in April (NAR)
Multifamily Market Data
Small but Steady Gains Define the U.S. Apartment Market in 2026 (RealPage)
Multifamily Absorption Rebounds But Rent Growth Stays Muted (GlobeSt)
Three Trends Shaping the Multifamily Outlook (Marcus & Millichap)
Multifamily Developer Confidence Holds Steady in First Quarter (NAHB)
CRE Capital Markets and Lending
Q2 2026 CRE Quarterly Economic Briefing: Selectivity, Dispersion and Risk (Moody’s Analytics)
Construction & Development Loans Q4 2025 (CRED iQ)
Global Real Estate Perspectives, April 2026: Stable fundamentals despite economic uncertainty (JLL)
Capital Markets Stabilizing Amid Persistent Uncertainty (Colliers)
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