What's the latest on the U.S. apartment market? Rental housing economist Jay Parsons shares fresh data and commentary on multifamily fundamentals across the country — and notes it's no longer as clean-cut as coastal versus Sun Belt. Jay breaks down the key performance indicators from supply and demand to occupancy and rent, hunting for green shoots and giving perspective on when we could see concessions burn off and rent growth rebound. RealPage Chief Economist Carl Whitaker joins the podcast to share his take on the 2026 outlook, particularly around demand drivers given increased uncertainty in the economy. Reduced supply is a given in 2026, but what about demand? And how long will it take to lease up the surge of supply that completed in 2024 and 2025? Additionally, Jay breaks down the latest headlines impacting apartments and single-family rentals, as well as teeing up another edition of "Rental Housing Trivia."