The price for owning a home is rising rapidly – and we’re not just talking about mortgage payments.
Among the nation’s 50 largest apartment markets, 26 markets are expected to see 2024 job growth above the U.S. average.
Based on Yardi Matrix data, this year’s selection ranges from coast to coast—and may offer a few surprises.
Analyzing the apartment market requires an examination of both supply and demand dynamics, with the anticipation of increased demand in our forecast period, particularly in Sun Belt markets.
This increase in relatively high-income renters has been building for over a decade, which suggests these renters will likely continue to impact demand for multifamily products for at least the next two to three years, barring any drastic economic shifts.
The shifting landscape of housing in America has far-reaching implications for commercial real estate (CRE), and very direct impacts on multifamily real estate. This piece provides a brief history of how we got to the current housing situation, and lays out the ongoing consequences for multifamily.