COVID-19: Impact on June Rent Payments, Leasing Traffic & Rents
As the COVID-19 pandemic enters Month 3, RealPage Chief Economist Greg Willett and Deputy Chief Economist/VP Jay Parsons share the latest data and outlook on rent collections, leasing traffic, rental rates, retention and other key KPIs.
Additional topics discussed in this live webcast, COVID-19: Impact on June Rent Payments, Leasing Traffic & Rents, include:
- What percent of apartment households paid rent during June Rent Week and how did results vary by class and market?
- Did apartments sustain the solid new lease demand and high retention levels seen previously?
- With the latest forecast revisions, when is the expected bottoming hit in the apartment outlook?
- How deep are operators cutting rents, and why are we see disparities between asking rents and executed/signed rents?
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.
Jay ParsonsDeputy Chief Economist and Vice President of Asset Optimization, RealPage, Inc.
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.