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These Multifamily Markets Gain Pricing Power As Others Tread Water

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Latest Rates

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Loan Type

Current Rate

Day Change

1 Week

1 Month

1 Year

52-Week Range

30 Yr. Fixed

6.67%

-0.01%

+0.10%

+0.10%

-0.17%

5.99% - 7.13%

15 Yr. Fixed

5.94%

+0.02%

+0.13%

+0.19%

-0.15%

5.38% - 6.52%

30 Yr. FHA

6.12%

+0.00%

+0.10%

+0.12%

-0.42%

5.69% - 6.54%

30 Yr. Jumbo

6.74%

+0.01%

+0.06%

+0.09%

-0.41%

6.10% - 7.45%

7/6 SOFR ARM

6.41%

+0.00%

+0.09%

+0.09%

-0.84%

5.59% - 7.25%

30 Yr. VA

6.15%

+0.01%

+0.11%

+0.11%

-0.40%

5.70% - 6.55%

Date

30 Yr Fixed

15 Yr Fixed

30 Yr Jumbo

7/6 ARM

30 Yr FHA

30 Yr VA

Current (Mid-June)

6.67%

5.94%

6.74%

6.41%

6.12%

6.15%

1 Week Ago

6.57%

5.81%

6.68%

6.32%

6.02%

6.04%

2 Weeks Ago

6.50%

5.76%

6.62%

6.26%

5.94%

5.96%

3 Weeks Ago

6.49%

5.75%

6.59%

6.25%

5.92%

5.94%

1 Month Ago

6.57%

5.75%

6.65%

6.32%

6.00%

6.01%

Macro Trends

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AI-Driven Explosion in the Number of Entrepreneurs Link

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  • Startup formation has seen a massive surge recently, and almost all of this growth is being driven by solo founders.

  • This boom suggests that new AI tools are making it much easier for single individuals to get a business off the ground by themselves.

  • If even a small percentage of these new companies manage to grow, it could have a major impact on future employment and hiring.

Real Estate Trends

—-

Unemployment and Foreclosure Rates Drive Housing Market Risk Link

  • Higher unemployment and foreclosure rates are making local housing markets more vulnerable to declines, even as home prices drop a bit from last year's record highs.

  • Florida and California are seeing the highest concentration of these at-risk markets, while Tennessee holds the highest number of low-risk areas.

These Multifamily Markets Gain Pricing Power As Others Tread Water Link

  • San Francisco and Chicago are gaining pricing power because their construction pipelines are limited and high homeownership costs are keeping renters in place.

  • Northern New Jersey and Philadelphia are also slowly building pricing power as their recent bursts of new construction cool down to a steadier pace.

  • Conversely, high-supply Sun Belt markets like Austin and tech-heavy hubs like Seattle are treading water because robust recent construction has outpaced leasing demand.

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Over 100,000 Tech Workers Have Been Laid Off This Year Already. Where Will They Move Next? Link

  • While online search data shows displaced workers are looking at secondary markets like Salt Lake City, Phoenix, and Las Vegas, real estate experts say most laid-off employees will actually stay put to utilize their existing local networks.

  • For the smaller group of workers who do choose to relocate, they are primarily heading toward more affordable, tech-adjacent states like Utah, Colorado, and Illinois.

5 AI Use Cases Transforming Real Estate Deal Sourcing Link

  • Investors are using AI lead scoring to analyze seller behavior and alternative data to spot market risks earlier.

  • New tools also help speed up the acquisition process by summarizing due diligence documents and forecasting local rent trends.

  • Additionally, computer vision technology lets investors automatically review listing photos to check property conditions and find overpriced homes.

Something I found Interesting

—-

Fed Finds Remote Work, Not AI, Behind Weak Graduate Hiring Link

  • A New York Fed analysis shows that the shift to remote work is responsible for about 64% of the rise in unemployment for college graduates aged 18 to 28 since the pandemic.

  • Employers are hesitant to hire recent grads for remote roles because it is much harder to offer the training, mentorship, and daily feedback that entry-level workers need.

  • The data shows youth unemployment began rising before generative AI took off, and the hiring slump is specifically tied to remote-friendly fields rather than AI exposure.

Proptech Startups That Just Got Funded

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AI & Real Estate - Today’s Trends

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Tool of the day: Trestle

Trestle is an AI-powered platform that streamlines property management by automating resident communications, maintenance workflows, and vendor coordination for multifamily properties.

How AI Interior Design Apps Are Making Home Makeovers Easier link

These accessible AI styling tools are democratizing home renovation planning by giving regular buyers immediate design layouts, which effectively reduces the friction and upfront costs traditionally associated with remodeling U.S. residential properties.

Private infra, real estate capital to play larger financing role in AI data center boom, Goldman says link

As big tech hyperscalers face a staggering $5.3 trillion funding gap for AI infrastructure by 2030, the boundaries between private infrastructure and real estate are blurring, driving massive U.S. institutional capital into land, power, and building developments for data centers.

How Agentic AI Is Changing Real Estate Business In 2026 link

The transition to agentic AI allows autonomous digital systems to independently manage property matches, analyze market fluctuations, and negotiate basic terms, fundamentally altering the operational scale of U.S. real estate brokerages.

Pro Member Only Content Below

Most of the insights below stem from extra research and include content from paid sources and special reports.

Skilled Nursing Construction Falls to Record Low Despite Occupancy Gains 

(This content is restricted to Pro Members only. Upgrade)

Public Investors Push Coastal Multifamily Cap Rates Into The Sixes 

(This content is restricted to Pro Members only. Upgrade)

Investors Target Forced Sellers in Multifamily Market Reset 

(This content is restricted to Pro Members only. Upgrade)

Debt Markets Complicate Multifamily Deals As Capital Tightens For New Acquisitions 

(This content is restricted to Pro Members only. Upgrade)

Kayne Anderson and BKM Make $1.8B Buy, Largest Light Industrial Deal Since 2022 

(This content is restricted to Pro Members only. Upgrade)

Proptech Startups That Just Got Funded

(This content is restricted to Pro Members only. Upgrade)

Off Topic

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America’s Top-Paying Jobs by Median Salary

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Unreal Real Estate

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This one’s just kinda wonderful

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