Short seller Carson Block recently raised alarm bells on the looming crisis in the multifamily sector, specifically in the Sun Belt region. Here’s why this “unseen shoe” could drop—and what it means for investors: The Pandemic Bet Gone Wrong Investors rushed into multifamily properties during the pandemic, banking on work-from-home trends to drive rents in…
Multifamily rents are rising as demand remains stable and healthy, but rent growth is slowing in some markets, Yardi Matrix says in the June National Multifamily Report. “While some markets are experiencing slowing growth, multifamily largely continues to perform well, with a solid 95 percent occupancy rate and moderate rent growth in most metros. However, economic uncertainty and…
Multifamily fundamentals have been holding up better than expected through the first quarter, but there is still a looming mild recession expected later this year, Yardi Matrix experts explained in a recent Multifamily National Outlook For Spring 2023 webinar. “Things are quite a bit more nuanced and more variables in play than there have been as we go…