top of page



Bank Collapse Sparks Lender Caution, Rapid Federal Response Constructive
Prominent tech and venture capital bank closes. Silicon Valley Bank (SVB), the country’s 16th-largest bank, was seized by California...

Jason Tuvia
Mar 12, 20233 min read


Tuvia Multifamily Memo - March 2023
Los Angeles Multifamily Market Update March 2023 By: Jason Tuvia Where are Interest Rates Now for LA Multifamily? Many lenders have...

Jason Tuvia
Mar 9, 20234 min read


Fed Continues to Ease Back on Rate Increases to Assess Cumulative Impact
Softening economic data warrants less-assertive rate increase. The Federal Reserve has extended its tightening cycle into 2023 by raising...

Jason Tuvia
Feb 3, 20232 min read


Muffled Home Market and Rental Demand Signal Household Creation Slack
Hushed activity across housing conveys hurdles. Single-family home sales declined for an 11th straight month during December 2022, down...

Jason Tuvia
Jan 30, 20232 min read


Long-run Demand Tailwinds Poised to Guide Multifamily Sector Through Near-term Choppy Waters
National Multifamily Index Major markets in the Sun Belt dominate the top ranks of the National Multifamily Index for 2023. Net...

Jason Tuvia
Jan 30, 20234 min read


Persistently Low Unemployment Brings Implications for Fed and CRE
Job growth tapers slightly in December. Across the country, a net 223,000 jobs were created in December, pushing the unemployment rate...

Jason Tuvia
Jan 6, 20232 min read


New Year Brings Familiar Challenges for Prospective First-Time Homebuyers
Affordability constraints remain the key storyline in 2023. Prospective homebuyers are encountering the compounded effects of a pandemic...

Jason Tuvia
Jan 3, 20232 min read


Seventh Rate Hike of 2022 is the Smallest Since May, Fed Not Yet Satisfied
Federal Reserve caps off 2022 with a slimmer rate bump. In December, the Federal Open Market Committee administered a 50-basis-point hike...

Jason Tuvia
Dec 16, 20222 min read


Will Capital Markets Liquidity Revive? Key Trends to Look for in the Year Ahead
As the Federal Reserve continues its rate hikes to curb inflation, the capital markets have responded with overwhelming caution until...

Jason Tuvia
Dec 8, 20224 min read


Tuvia Multifamily Memo - December 2022
December 2022 By: Jason Tuvia How High are Cap Rates on LA Rent Control Multifamily? Within the past 90 days throughout all of Marcus &...

Jason Tuvia
Dec 7, 20224 min read


Hiring Momentum Continues in Key Sectors, Aiding Hotel, Restaurant Outlook
Hiring sustains pace in November. Employers brought on a net 263,000 new personnel in November, roughly in line with the prior...

Jason Tuvia
Dec 2, 20221 min read


Rent-controlled apartments sell in Silver Lake and South L.A.
From the L.A. Business First: https://www.bizjournals.com/losangeles/news/2022/11/28/2-rent-controlled-apartment-properties-tuvia.html...

Jason Tuvia
Nov 28, 20222 min read


Measure ULA - New Tax on Real Estate Transactions Negatively Impacts Sales Activity and Development
The implementation of Proposition ULA will have wide-reaching consequences for commercial and multifamily properties in the city of Los...

Jason Tuvia
Nov 28, 20223 min read


10-unit rent-controlled apartment building sells in Echo Park
From the L.A. Business First: https://www.bizjournals.com/losangeles/news/2022/11/23/10-unit-apartment-property-sells-in-echo-park.html A...

Jason Tuvia
Nov 23, 20221 min read


Decelerating Inflation Unlikely to Satisfy Fed, Whose Actions Complicate Trading
Inflation falls to slowest pace since the start of the year. Headline CPI increased 7.7 percent over the 12 months ended in October, the...

Jason Tuvia
Nov 11, 20222 min read


Employment Growth Held Strong in October, but Signs of Softening Sighted
Job creation robust in October. Hiring continued at a strong clip last month with the creation of 261,000 jobs, although the pace is...

Jason Tuvia
Nov 3, 20222 min read


Fed Hikes Again, Complicating Trades of Otherwise Well-Performing Assets
Federal Reserve lifts rates again, adjusts guidance. The Federal Open Market Committee implemented its sixth rate hike of the year on...

Jason Tuvia
Nov 2, 20222 min read


Home Sales Continue to Slide, Slowdown Stretches Across Housing Continuum
Firm price tags keep buyers on the sidelines. Purchases of single-family homes declined for an eighth straight month, marking the lowest...

Jason Tuvia
Oct 31, 20222 min read


Real GDP Climbs Above 2021 Level, but Signs of Future Slowdown are Prevalent
Growth in GDP returns for the third quarter. Real gross domestic product increased by a 2.6 percent annualized rate in the third quarter,...

Jason Tuvia
Oct 26, 20222 min read


Housing Supply Action Plan Becomes More Concrete; Market Normalization Underway
White House aims for greater housing affordability. Incentivizing the construction of lower-income housing in various forms is the...

Jason Tuvia
Oct 18, 20222 min read
bottom of page