Cignature in The News – “2023 Predictions for Multifamily Housing Investment and Development”
December 27, 2022 – San Francisco Post
By Harry Wright
If one word could describe what it has been like in the 2022 real estate market, it might be “whiplash.” In mid-2020, Covid spurred a dramatic — and largely unforeseen — lowering of interest rates to near-zero, which precipitated an unprecedented property boom. Housing prices and rents both soared into 2022 when the Federal Reserve suddenly began raising rates in response to inflation — much of which was caused by rising rents.
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