Summer Apartment Market Update – What’s Hot & Not
With new apartments coming on stream at a rapid pace, rent growth has slowed in some of the country’s previous leaders for pricing power. However, a few big metros have retained momentum and continue to experience robust apartment rent growth. Find out which markets are heating up and which are a little too cool for comfort as Greg Willett and Jay Parsons discuss the most current performance metrics for the US apartment market.
Join us for an in-depth discussion that dives into:
- Current occupancy and rent growth snapshot
- Near-term demand prospects, examining indicators such as job growth, income growth and the homeownership rate
- Ongoing construction and the near-term delivery calendar
- Property sales activity/capital flows
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.
Jay ParsonsVice President, RealPage, Inc.
Jay Parsons is a Vice President for RealPage’s Asset Optimization division. Jay has written commentary pieces for several publications, including GlobeSt, Multifamily Executive, the Mortgage Bankers Association, American Banker, Units and Multihousing Pro. He is a frequent speaker on various topics, including housing economics, multifamily market conditions and demographic trends, at industry conferences and events across the country.