Even if there is an economic downturn in the near future, the apartment sector is likely to hold up, according to industry experts.
“Apartments are still resilient against a possible recession,” says Andrew Rybczynski, senior consultant for CoStar Group Portfolio Strategy.
Though the high end of the market may be feeling the strain of overbuilding, the sector overall is benefitting from long-term trends that should continue to fill apartment units for the foreseeable future.
Read more...The U.S. Apartment Sector Would Continue to Remain Strong Even in a Recession via NREI