According to Yardi’s U.S. Multifamily Outlook 2024, multifamily demand is likely to remain healthy in 2024, though rent growth will be tested by decelerating economic growth and a rapid supply uptick in some markets. In addition, Yardi says the higher interest-rate environment will stress property values and threatens to increase loan defaults. Indeed…
“Multifamily faces a mixed outlook in 2024. Property performance remains healthy for most apartments, but challenges will come from a wave of deliveries, rapid growth in expenses, a potential economic slowdown, and the increase in mortgage rates.”
Click here to read the full report at Yardi.
