While recent migration and employment data highlights the continued growth of the Sunbelt, the massive amount of newly-built apartments in Sunbelt markets far outweigh the effects of demand drivers like population or job growth. Given this dynamic, investors may find higher-performing assets in multifamily markets in the Midwest and Northeast that have not seen as much apartment construction.
Sources discussed in this episode:
John Burns Research and Consulting: “How to Ride the Apartment Supply Wave” - https://jbrec.com/insights/how-to-ride-the-apartment-supply-wave/
Apartment List: “Renter Migration Report: 2024” - https://www.apartmentlist.com/research/apartment-list-renter-migration-report-2024
RealPage: “Our Economists’ Picks for Favorite Apartment Markets in 2024” - https://www.realpage.com/analytics/markets-outperform-2024/
Fannie Mae: “2024 Multifamily Market Outlook: Instability Expected as Skies Remain Cloudy” - https://www.fanniemae.com/media/50101/display
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DISCLAIMERS: This podcast does not constitute professional financial advice and is for educational/entertainment purposes only. This podcast is not an offer to invest.
