This is a narration of our weekly Rent and Operating Trends Report.
This week, all eyes are on Capitol Hill as Fed Chair Jerome Powell begins a two-day testimony to Congress on interest rate hikes. Regional Fed Presidents have been advocating for more hawkish policy, and Powell's tone will likely dictate the Fed's next move. The February jobs report and inflation data will also impact the direction of interest rates. In the apartment industry, traffic nationwide has increased modestly, but most rent and operating metrics have yet to show signs of major growth.
Tune in to find out more information on multifamily dynamics during the week of March 5th, 2023.
Explore our webpage for more insights and resources:
https://bit.ly/Radix_Website
