"Many people don't know that Fannie Mae and Freddie Mac provide financing for multifamily, but the numbers on my website show they provide an enormous amount of financing for apartment acquisitions in acquisitions in the US," Gordon Gerson, head of the firm, tells GlobeSt.com. "Defaults in Fannie Mae in the apartment sector are almost nonexistent, but barely negligible compared to the single-family sector." Gerson adds that in California no more than 10 multifamily defaults have gone to foreclosure since the recession started in 2008. "It's a very conservative underwriting model, much more conservative than the CMBS or other models out there."

Fannie Mae owned the biggest percentage of REO single-family inventory of any lender in the counties impacted by Superstorm Sandy in all three states, according to RealtyTrac. Other lenders with large percentages of REO inventory in the impacted counties included Wells Fargo, US BankCorp and Deutsche Bank. *chart courtesy of RealtyTrac

After dipping sharply in September, home prices rose in October to a median of $63,301, which is 8.4% higher than a year earlier, according to Redfin. *chart courtesy of Redfin

Home prices correlate closely with consumer spending habits, according to CoreLogic. *chart courtesy of CoreLogic

Instant Insights /

Despite Surging Home Sales, Recovery Still Slow

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