COVID-19: Impact on August Rent Payments, Leasing Traffic & Rents
Expanded federal unemployment benefits included in the CARES Act has helped keep apartment rent collections near normal levels through the COVID-19 pandemic. But those benefits expire at the end of July, and Congress has yet to agree on a solution. What could the impact be for apartment rent payments and leasing traffic? What does the latest data show us on new lease signings, rent change, retention, and rent payments?
Join RealPage Chief Economist Greg Willett and Deputy Chief Economist/VP Jay Parsons for this live webcast, COVID-19: Impact on August Rent Payments, Leasing Traffic & Rents.
Additional Discussion topics include:
- Is the apartment market sustaining the big demand wave that began in late May?
- What percent of apartment households paid rent during August Rent Week and how did results vary by class and market?
- Will executed new lease rents climb back into positive territory?
- Are there any signs of a slowdown in the Sun Belt, where COVID-19 cases have grown dramatically?
- What’s the latest on federal support for unemployed workers and renters, and how will that impact future rent payments?
- Will apartment deal flow pick up after stalling out in recent months?
Jay Parsons is RealPage’s Deputy Chief Economist and Vice President of Asset Optimization. Jay has been in the multifamily housing industry for more than a decade, and works across market research and forecasting, revenue management, business intelligence, as well as multi-dimensional optimization across pricing, marketing, leasing and risk management. He has provided commentary on CNBC and in the Wall Street Journal. His writings and research have been published by the Pension Real Estate Association, the Mortgage Bankers Association, the National Apartment Association, American Banker, GlobeSt and Multifamily Executive. Jay is also a frequent speaker at events and conference, including the National Multifamily Housing Council, NAIOP, NAA and ULI.
Greg WillettChief Economist, RealPage, Inc.
Greg facilitates the alignment of the firm’s technology and analytics solutions with rental housing sector needs and opportunities. He is well versed on rental housing market fundamentals and activity nationally, by metro and in individual neighborhoods. Greg is active in industry organizations such as the National Multifamily Housing Council, the Urban Land Institute and the National Apartment Association. He provides commentary for national and local business media.