Even with Fannie and Freddie planning to scale back on multifamily loans, other lenders are ready to pick up market share.

The money from overseas spent on U.S. apartment buildings is likely to increase in 2021, once several working vaccines against the coronavirus are widely distributed and it is easier to travel.

Sales of commercial and residential properties were down 49 percent year-to-date through November, according to REBNY.

Mnuchin indicated he’s not going to pursue any actions that put taxpayers at risk or limit consumers’ access to home loans.