Inflation is flat. CRE loan distress is still a problem.

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The Gray Report Podcast

Spencer Gray

209 episodes

1 day ago

The Gray Report Podcast, hosted by Gray Capital President and CEO Spencer Gray, covers the latest news and research on multifamily apartments, the housing market, and the macro-economy. Along with analysis and commentary on the most important trends for multifamily investors, episodes include interviews with industry experts and in-depth explanations of the crucial concepts and evolving conversations in the apartment industry and the commercial real estate investment market.

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All content for The Gray Report Podcast is the property of Spencer Gray and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.

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Inflation is flat. CRE loan distress is still a problem.

The Gray Report Podcast

1 hour 7 minutes

2 months ago

Inflation is flat. CRE loan distress is still a problem.

While near-term interest cuts will not be deep enough to rescue troubled or financially distressed multifamily borrowers, if the Fed signals a shift to a less restrictive/elevated interest rate regime, the growing amount of investors re-entering the multifamily market will very quickly accelerate.Link to sources discussed in this episode:Bureau of Labor Statistics: “July 2025 Consumer Price Index: All Items Steady at 2.7% YoY Increase, Core up from 2.9 to 3.1% YoY Increase” Marcus & Millichap: “The Forces Driving Interest Rates Lower – Will They Last?” - https://www.marcusmillichap.com/research/videos/the-forces-driving-interest-rates-lower-will-they-lastRealtor.com: “Trump Plans IPO for Fannie Mae and Freddie Mac in Late 2025, Report Claims” - https://www.realtor.com/news/trends/trump-freddie-mac-fannie-mae-ipo/Newmark: “2Q25 State of the U.S. Capital Markets: Sales Activity Increasing, but Loan Maturities Dampen the Excitement” - https://www.nmrk.com/insights/market-report/2q25-state-of-u-s-capital-marketsCRED iQ: “CMBS Distress Rate Adds 32 BPS as the Seesaw Effect Plays Out in CMBS” - https://cred-iq.com/blog/2025/08/07/cmbs-distress-rate-adds-32-bps-as-the-seesaw-effect-plays-out-in-cmbs/Trepp: “Special Servicing Rate Retreats Slightly in July, After Three Consecutive Monthly Increases” - https://www.trepp.com/trepptalk/special-servicing-rate-retreats-slightly-in-july-2025RealPage: “U.S. Apartment Construction Activity at a Decade Low” - https://www.realpage.com/analytics/apartment-construction-decade-low/Learn more about Gray Capital's latest multifamily investment opportunity: https://www.graycapitalllc.com/invest-in-flats Download Gray Capital's latest report: ⁠https://www.graycapitalllc.com/future Sign up for our free multifamily newsletter here: ⁠https://www.graycapitalllc.com/newsletter⁠ DISCLAIMERS: This podcast does not constitute professional financial advice and is for educational/entertainment purposes only. This podcast is not an offer to invest. Any offering would be made through a private placement memorandum and would be limited to accredited investors.