With peak multifamily leasing season in the rearview mirror, the focus is now on 2024 budgeting. While expense management will be a key focal point, there will also be a great deal of emphasis on performance trends in rental metros across the U.S.
Although some metrics indicate that 2023 has largely been a year of renormalization, some questions loom over the near-term outlook:
- How is apartment demand holding up relative to a 40+ year supply peak?
- What does rental market affordability look like, and how does that inform the 2024 multifamily outlook?
- Are there regional and market themes that are expected to shift heading into the final months of 2023?
- Which economic trends are most acutely affecting multifamily demand, from both renter and investor perspectives?
Join RealPage’s Jay Parsons, Senior Vice President & Chief Economist, and Carl Whitaker, Senior Director of Research & Analysis, as they explore the answers to these questions and discuss trends impacting the 2024 multifamily outlook in their webcast, Market Intelligence: U.S. Update.
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 Whitaker
Vice President & Chief Economist, RealPage, Inc.Carl Whitaker is RealPage’s Chief Economist, leading the company's team of economists and market analysts. Carl and the Market Intelligence team specialize in analyzing and disseminating economic and market trends for the rental housing industry. He primarily focuses on presenting trends in the rental housing industry to a wide audience, including investors, asset managers, operations professionals and media, among other personas. Carl has been cited in the Wall Street Journal, Bloomberg and GlobeSt and is a frequent keynote speaker for industry events. Carl holds degrees from the University of North Texas, including a Master of Science in Applied Geography.
