This sums up the CRE space right now. "That is because, as everyone in the industry knows, 2024 continues to be a difficult environment for transactions of all CRE types including multifamily, which is 𝐝𝐨𝐰𝐧 𝐚𝐛𝐨𝐮𝐭 𝟔𝟎% 𝐝𝐮𝐞 𝐭𝐨 𝐜𝐚𝐩𝐢𝐭𝐚𝐥 𝐦𝐚𝐫𝐤𝐞𝐭𝐬 𝐯𝐨𝐥𝐚𝐭𝐢𝐥𝐢𝐭𝐲 𝐚𝐧𝐝 𝐞𝐥𝐞𝐯𝐚𝐭𝐞𝐝 𝐢𝐧𝐭𝐞𝐫𝐞𝐬𝐭 𝐫𝐚𝐭𝐞𝐬.. There also remains a price expectation gap between buyers and sellers, Dunn notes. "𝐒𝐞𝐥𝐥𝐞𝐫𝐬 𝐚𝐫𝐞 𝐠𝐞𝐧𝐞𝐫𝐚𝐥𝐥𝐲 𝐥𝐨𝐨𝐤𝐢𝐧𝐠 𝐟𝐨𝐫 𝐚 𝐜𝐚𝐩 𝐫𝐚𝐭𝐞 𝐢𝐧 𝐭𝐡𝐞 𝐦𝐢𝐝 𝐭𝐨 𝐡𝐢𝐠𝐡 𝟒𝐬, 𝐰𝐡𝐢𝐥𝐞 𝐛𝐮𝐲𝐞𝐫𝐬 𝐚𝐫𝐞 𝐥𝐨𝐨𝐤𝐢𝐧𝐠 𝐟𝐨𝐫 𝐚 𝐜𝐚𝐩 𝐫𝐚𝐭𝐞 𝐢𝐧 𝐭𝐡𝐞 𝐥𝐨𝐰 𝐭𝐨 𝐦𝐢𝐝 𝟓𝐬," 𝐬𝐡𝐞 𝐬𝐚𝐲𝐬. "𝐒𝐨 𝐚 𝐥𝐨𝐭 𝐨𝐟 𝐬𝐞𝐥𝐥𝐞𝐫𝐬 𝐚𝐫𝐞 𝐫𝐞𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐧𝐠 𝐚𝐧𝐝 𝐝𝐞𝐥𝐚𝐲𝐢𝐧𝐠 𝐬𝐚𝐥𝐞𝐬." https://lnkd.in/eVrJxaJJ