Yardi Matrix manager of business intelligence Doug Ressler was recently featured on the RealCrowd Podcast<\/strong><\/a> with CEO Adam Hooper. During the 40-minute conversation, the two chatted about the mid-year outlook for the multifamily market.<\/p>\n\n\n\n \u201cThe economy is starting its slow transition back. The Fed is considering their QE (quantitative easing) reduction program. You can begin to see the employment numbers perk up. You\u2019re beginning to see that slow progression,\u201d Ressler said as to the state of the economy.<\/p>\n\n\n\n Ressler discussed the double-digit rent growth observed in many multifamily markets across the U.S. this summer. He is bullish on the sector as well as on industrial real estate, which is also experiencing a period of strong performance<\/strong><\/a>.<\/p>\n\n\n\n Asking multifamily rents jumped more than 10 percent year-over-year (YoY) in August, the largest leap ever recorded by Yardi Matrix.<\/p>\n\n\n\n \u201cThat\u2019s a year-over-year calculation, and it\u2019s based on time period dependency. It goes back to a time when the economy was depressed, not really robust because of the pandemic and the lack of a vaccine,\u201d Ressler explained.<\/p>\n\n\n\n Overall asking rents increased by $25 to a national average of $1,539, according to the Matrix Multifamily National Report<\/a>.<\/strong> Single-family (build-to-rent) rents continue to grow at an even faster pace, with average asking rents up 13.9 percent YoY.<\/p>\n\n\n\n