This is a narration of our weekly Rent and Operating Trends Report. Economic volatility continues to confuse market participants as new data fails to provide a consistent message on the health of the overall economy. A robust employment market set against declining GDP and high inflation has most stock and bond analysts scratching their heads. The Fed has made it clear they will maintain significant interest rate increases, and as a result equity markets have continued their recent sell off. The S&P 500 is down roughly 4% over the past month and roughly 12% from its recent high at the end of March. Multifamily REITs have performed even worse, as most REITs are down between 5% and 10% over the past month. Tune in to find out more information on multifamily dynamics during the week of September 11.
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