Rising rates slowing multifamily development as US approaches 'self-induced' recession

"There are record amounts of money and investment funds being raised right now to take advantage of the lower prices that are coming," one real estate executive says.

  • By Louis Llovio
  • | 5:00 a.m. January 6, 2023
  • | 0 Free Articles Remaining!
Casey Babb, executive managing director, multifamily investments, for Colliers. (Courtesy photo)
Casey Babb, executive managing director, multifamily investments, for Colliers. (Courtesy photo)
  • Commercial Real Estate
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1. Like many real estate executives, Casey Babb sees rising interest rates slowing down what for the past couple of years has been a meteoric multifamily housing market.

 

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