This is a narration of our weekly Rent and Operating Trends Report. As the fall approaches, the U.S. economy continues to show signs of a slowdown, however, given the strength of the employment market, the likelihood of a soft landing is high. The price of oil retreated from its recent high in June, and if the trend continues, I expect to see inflation decline as well. All eyes will be on Jerome Powell and the Fed’s annual conference in Jackson Hole this week. Powell will speak on Friday and will likely reiterate the Fed’s support for increasing interest rates regardless of an economic recession. While this may further drive volatility in equity markets, I believe the short-term pain will be worth it, as an economic restructuring was needed. While inflation remains high, household and corporate balance sheets remain strong, unemployment is at historic lows, and on a global scale, the U.S. economy is performing comparatively well. A modest slowdown will likely continue through the remainder of this year before a new growth cycle emerges. Tune in to find out more information on multifamily dynamics during the week of August 21.
Explore our webpage for more insights and resources:
https://bit.ly/Radix_Website
