Latest Stories

Mortgage Rates Drop to Lowest Since Mid-December, But Demand Still Falls Short
Mortgage rates have fallen to their lowest level since mid-December 2024, but homebuyer demand remains weak. Despite the rate drop, affordability challenges continue to weigh on potential buyers, with high home prices and economic uncertainty keeping demand below expectations. Industry experts suggest that further declines in mortgage rates may be needed to spur meaningful buyer activity. (Read More)

Multifamily Recovery Expected by Late 2025
The multifamily sector is projected to see a recovery by late 2025, as the market stabilizes following recent downturns. Analysts cite improving economic conditions, lower interest rates, and increased rental demand as key drivers of the anticipated rebound. While certain markets may recover faster than others, long-term fundamentals for multifamily investment remain strong. (Read More)

Rocky Start to 2025 Housing Market
The housing market has faced a rough start in 2025, with persistent affordability concerns and sluggish buyer demand shaping the early months of the year. High mortgage rates, elevated home prices, and economic uncertainty continue to dampen transactions, although some experts remain optimistic about gradual improvements later in the year. (Read More)

Key Terms and Concepts:

• Mortgage Rates – The interest rates charged on home loans, which significantly impact affordability and buyer demand.
• Multifamily Market Cycle – The pattern of expansion, peak, contraction, and recovery in the multifamily housing sector, influenced by economic conditions, supply, and demand.
• Affordability Index – A measure of whether the typical household can afford a median-priced home based on income, home prices, and mortgage rates.

Local Deal of The Week

Kempner Properties Acquires Six-Property Retail Portfolio For $30.8 Million In Connecticut And Rhode Island

Kempner Properties acquired a six-property shopping center portfolio located at 248 West Main Street, 1326 Boston Post Road, 580 Main Avenue, 994 North Colony Road, 61 Boston Post Road, and 1085 Bald Hill Road. The total price for this retail asset was $30.8 million, encompassing a total square footage of 126,299. (Read More)

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $30,800,000
• Total Square Footage: 126,299
• Price Per Square Foot: $244
• Buyer: Kempner Properties
• Seller: Estate of Neil Mellen
• Broker: JH Winokur Inc

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