This is a narration of our weekly Rent and Operating Trends Report.
Thus far, the U.S. economy is handling the recent banking crisis and last week’s interest rate hike well. Capital markets have remained stable and appear to be reacting positively to the Fed’s position on the economy. During his press conference following the last FOMC meeting Fed Chair Jerome Powell intimated that the monetary tightening cycle will likely end soon, and market prognosticators now predict one more 25 basis point increase in May before an extended period of flat interest rates.
Tune in for more information on multifamily dynamics during the week of March 26th, 2023.
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