In the last 60 days I've seen so many deals fall out. Not just mine but other brokers across several asset classes. Buyers are hyper critical of everything. Sellers still want crazy money...Apartment investors selling at 4 caps and trying to buy retail at a 6. They see the end in sight of the multifamily run up.
Something is happening. Something weird is in the air.
On the resi for sale side, due to lack of inventory, which leads to lack of volume and lower income, I'm seeing a lot of real estate offices closing here in San Diego.
Low inventory, low volume, high prices, discount brokerages now opening, all signs of the end, lol.
I know a higher up and Trammel Crow. His words "multifamily is teetering"