Market Intelligence: Q3 Market-Rate Apartment Affordability Update
Now Available On Demand
The headlines indicate renters can no longer afford rent. But what does the data show? Join us for the release of the RealPage® annual study on market-rate apartment affordability – the largest study ever done on U.S. rental affordability using actual lease data.
Are incomes continuing to climb among market-rate renters? What percent of income are these renters spending on rent? How much of the rent due is getting paid each month? How do rent-to-income ratios and rent collections vary by asset class and market?
Join RealPage top economists Jay Parsons and Carl Whitaker as they reveal the much-anticipated results from the annual affordability study on millions of apartment renters, and learn what that means for multifamily investment, development and operations moving ahead.
Jay Parsons serves as Senior Vice President, Chief Economist for RealPage, leading the Economist and Industry Principal teams to provide deep insights on market trends and consumer behaviors. He is a frequent author and industry speaker on topics affecting multifamily apartments and single-family rentals, including rental housing investment and asset management strategy, rental housing policy issues, risk mitigation and property management.
Jay has been cited in The Wall Street Journal, Bloomberg, The Financial Times, The Economist, and The New York Times, and he has appeared on CNBC and BloombergTV. His commentaries have been published by Barron's, the Pension Real Estate Association, the Mortgage Bankers Association, the National Apartment Association, American Banker and GlobeSt.
Carl WhitakerSenior Director of Research & Analysis, RealPage, Inc.
Carl Whitaker is a Real Estate Economist with RealPage’s Data Analytics division. At RealPage, Carl has specialized in creating industry presentations, market and submarket trend reports and crafting ways in which data can be more easily consumed and leveraged by clients. Carl holds degrees from the University of North Texas, including a Master of Science in Applied Geography.