Multifamily Fundamentals Return to Historical Norms via GlobeSt

Nothing about the last business cycle has been normal. A global pandemic, a prolonged zero or near-zero federal funds rate and a decade of outsized rent growth nationwide have skewed multifamily investors’ perception of normal market dynamics. This year, it is officially time to take away the punchbowl. Markets are normalizing, with an expectation of higher long-term interest rates—the Fed increased rates again by 25 basis points at the March meeting—and steady growth metrics.

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