U.S. ECONOMIC MACRO COMMENTARY & INSIGHTS
Labor Market Cools, but Inflation Remains the Bigger Problem
- June nonfarm payrolls increased by 57,000, well below expectations and accompanied by downward revisions to prior months.
- The unemployment rate declined to 4.2%, though much of the improvement was driven by a drop in labor force participation rather than stronger hiring.
- Hiring momentum has clearly moderated from the stronger pace seen earlier this year, but the data stops short of signaling a material deterioration in labor market conditions.
- Chair Kevin Warsh continues to emphasize incoming data over explicit policy guidance, increasing the market importance of each major economic release.
nonfarm payrolls print vs. revision
2026 Multifamily Investor Sentiment Survey
In December 2025, we surveyed over 250 of our trusted clients from various companies, with most holding senior-level titles, for our second annual Multifamily Investor Sentiment Survey. Our goal is to provide a comprehensive view of current market sentiments to our clients, and we plan to share our findings in our detailed report.
2026 Multifamily
Powerhouse Poll
In Berkadia’s Annual Multifamily Powerhouse Poll, we surveyed over 200 investment sales advisors and mortgage bankers to offer their unique perspectives on the state of the commercial real estate (CRE) industry.
Beyond Insights: Markets
From occupancy to cap rates, employment to migration trends, read the latest market-driven insights.
BOMA Healthcare Conference Recap
The Graying Gold Rush: Seniors Housing Outshines Amid Uncertainty
Private Credit in CRE: Liquidity, Competition, and Evolving Opportunities in 2026
MBA CREF 2026: Five Takeaways Shaping CRE Lending & Investment
Vitality Living Franklin, Franklin, TN | Financed by Berkadia 2026
Berkadia Secures Financing for Senior Living Facility in Franklin, Tennessee Franklin, Tennessee – July 15, 2026 – Berkadia, a distinguished leader in the commercial real estate sector, announced today the financing of Vitality Living Franklin, a 126-unit assisted living and memory care community in Franklin, Tennessee. Managing Directors Garrett Sacco, Austin Sacco, and Steve Muth,…
Bungalows on Camelback, Phoenix, AZ | Sold by Berkadia 2026
Berkadia Negotiates $112.5M Build-to-Rent Community Sale in Phoenix, Arizona Phoenix, Arizona – July 15, 2026 – Berkadia, a distinguished leader in the commercial real estate sector, announced today the sale of Bungalows on Camelback, a 334-unit, low-density, horizontal build-to-rent community in Phoenix, Arizona. Senior Managing Directors Mark Forrester, John Cunningham, Charles Steele, and Ric Holway,…
The Cedars and Creekside Terrace, Castro Valley, CA | Sold and Financed by Berkadia 2026
Berkadia Arranges $35.55 Million Sale and Financing of Legacy East Bay Multifamily Portfolio Castro Valley, California – July 14, 2026 – Berkadia, a distinguished leader in the commercial real estate sector, announces that it arranged the sale and acquisition financing of two value-add, neighboring Castro Valley multifamily communities with a total of 135 units: The…