The Berkadia Powerhouse Poll: Still Bullish On CRE

Are good things in store for the near future of the commercial real estate market? The mortgage banking and investment sales professionals with Berkadia think so. According to the 2019 Mid-Year Powerhouse Poll released in early July by Berkadia, the banking and investment pros with the company remain bullish on commercial real estate. And they’re especially interested in affordable housing, which they tag as an emerging asset class. The interest in affordable housing shouldn’t be surprising. Single-family home prices are rising and so are construction costs. This makes affordable housing a more attractive asset class. According to the Powerhouse Poll, 84 percent of Berkadia professionals agree that affordable housing will have a major impact on the industry in the next year. But how to encourage developers to add more affordable apartments? That’s long been a challenge. Berkadia officials said that modifying tax credit policy, regulatory changes for the GSEs and local and state government intervention as the top possible solutions. Click to read more at