Jonathan CroninREI Accelerator, Rei Accelerator · Multifamily Real Estate Investor & Coaching Leader

Multifamily Distress Is HERE: What 2008 Warned Us About 2026

26 Nov 2025 · 1 min

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0:57

A short YouTube commentary (by Jonathan Cronin) comparing multifamily market distress in 2008 to early signs of distress emerging ahead of 2026. Speaker cites regional eviction issues (example: Atlanta ~four-year carry), refinancing stress from purchases made when financing was ~4.5% versus current/near-term rates around ~6.5%, and broader cost pressures from 2021–22 purchase prices, inflation, and higher insurance/operating costs.

Questions this video answers

November 26, 2025

About 4.5% (described as 'four and a half').

About 6.5% (described as 'six and a half').

Almost four years.

Chapters

What happened in 2008 with multifamily and what are we thinking in terms of 2026? We're already starting to see distress, you know, coming into the market. We've talked about that before where you know, you had in some areas like around Atlanta the eviction stuff that carried for almost four years you had other areas where, you know, elevated interest rates and purchase prices from 2122 have put pressure on deals. All the inflation and insurance and cost that had gone up that had put pressure on deals. And you know, again, realistically some of those properties where they just they can't refinance and that's just real because you know, they bought in the rate environment was four and a half and now on the best day it's, you know, six and a half that was not factored into it. So those deals are, you know, experiencing financial distress and are already surfacing and you know, we've seen those coming through as potential sales already. There you go.