Before the pandemic struck, the multifamily market suffered from a severe supply-demand imbalance that fueled an affordability crisis both nationally and in states like California. Nothing has changed. The supply-demand imbalance remains, and the pandemic has only exacerbated the problem. As a result, multifamily remains an attractive investment bet.
“Multifamily has long been a favored asset class, in large part because of an extreme supply/demand imbalance. The home ownership rate plummeted—from about 69% to 64%—since the Great Financial Crisis causing millions of American homeowners to rent,” Mitch Siegler, senior managing director and co-founder of Pathfinder Partners, tells GlobeSt.com.
Read more...The Supply-Demand Imbalance Still Makes Multifamily an Attractive Investment via GlobeSt