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Updated over 7 years ago on . Most recent reply

Johnathan Norman's profile image
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Johnathan Norman
  • from Seattle, Washington
  • Member since Aug 29, 2014
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Johnathan Norman's profile image
Johnathan Norman's profile image
Johnathan Norman
  • from Seattle, Washington
  • Member since Aug 29, 2014
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Johnathan Norman
  • Seattle, WA
45
Votes |
56
Posts
Cleveland Real Estate Forum

Fannie Mae Multifamily Report Cleveland ecxess supply

Johnathan Norman
  • Seattle, WA
Posted

http://www.fanniemae.com/resources/file/research/emma/pdf/MF_Market_Commentary_061917.pdf

Stumbled onto the report which is mentioned in this article . 

Cleveland, Ohio
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Joseph Todd's profile image
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Joseph Todd
  • Investor
  • from Santa Monica, California
  • Member since Jun 12, 2017
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Joseph Todd's profile image
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Joseph Todd
  • Investor
  • from Santa Monica, California
  • Member since Jun 12, 2017
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Joseph Todd
  • Investor
  • Santa Monica, CA
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Joseph Todd
  • Investor
  • Santa Monica, CA
Replied

Perhaps I'm reading it wrong, but the Fannie Mae report actually says that job growth in Cleveland will outpace new MF development. They attribute this to construction costs being the same across all markets while Cleveland has comparatively low rent. The analysis in this article seems to be geared more towards prospecting developers than smaller investors looking to buy existing inventory.

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