Matrix Multifamily National Outlook-Summer 2023
June 28, 2023
Multifamily Faces Capital Questions as Demand Stays Steady
Multifamily performance remained strong through mid-year 2023, as the robust job market boosted housing demand and rent growth. Yet the market faces challenges related to the potential economic downturn and rising interest rates that have eroded property values and is likely to lead to an increase in distress.