As multifamily industry leaders gather for the NMHC Conference in Las Vegas, the market remains in a tenuous state, with confidence in apartment fundamentals alongside uncertainty about the economy. Additionally, the Federal Reserve's recent 0.25% rate hike could point to a forthcoming taper and decrease in interest rates as the year progresses, but the Fed's actions will likely do little in the near term to resolve the financing and pricing challenges in the multifamily market.

Sources discussed in this episode:

Marcus & Millichap: “Housing Research Brief” - https://www.marcusmillichap.com/research/research-brief/2023/01/research-brief-january-housing

Marcus & Millichap: “2023 U.S. Multifamily Investment Forecast” - https://drive.google.com/file/d/1ANgdyinHxEo7LwSxhWLpuNXPHx9GN_AI/view?usp=share_link

The White House: “Fact Sheet: Biden-Harris Administration Announces New Actions to Protect Renters and Promote Rental Affordability” - https://www.whitehouse.gov/briefing-room/statements-releases/2023/01/25/fact-sheet-biden-harris-administration-announces-new-actions-to-protect-renters-and-promote-rental-affordability/

The White House: "Blueprint for a Renters Bill of Rights" - https://www.whitehouse.gov/wp-content/uploads/2023/01/White-House-Blueprint-for-a-Renters-Bill-of-Rights.pdf

Jacobin: "Joe Biden’s New Relief Plan for Renters Is Incredibly Weak" - https://jacobin.com/2023/01/joe-biden-renter-relief-plan-weakness-tenant-organizing-landlord-profits

Apartment List: “National Rent Report, January 2023” - https://www.apartmentlist.com/research/national-rent-data

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DISCLAIMERS: This podcast does not constitute professional financial advice and is for educational/entertainment purposes only. This podcast is not an offer to invest.