Analysis: Multifamily is Doing Fine
Multifamily investor CP Capitol says gloomy reports about a slowdown in that sector are not to be believed. Demand continues to outpace supply, and employment, income and demographic trends are all rosy. Double-digit rent growths weren’t sustainable anyway, so slighter increases are nothing to worry about. Developers are taking a pause, but that was normal pre-pandemic as well. And transactions should creep back up later in 2023 once the Fed pulls back on interest rate hikes and buyers return.