In the space of a week, the Trump administration's tariff policies set off a stock market downturn and spurred expectations of a recession before the President Trump announced a 90-day pause on most tariffs, sending markets soaring upwards again. With recent reports on the apartment market showing record levels of demand in Q1 of 2025 along with a reduction in apartment supply, there's some reason to expect stronger performance in 2025 should the economy maintain its footing.Sources discussed in this episode:Berkadia: “Liberation Day Volatility” - https://berkadia.com/blog/liberation-day-volatility/Bisnow: “Trump's Tariffs Unleash Market Turmoil, Fresh Pricing Fears And Worry About Frozen Deals” - https://www.bisnow.com/national/news/commercial-real-estate/trump-tariffs-unleash-market-chaos-price-spike-fears-128794GlobeSt: “This Expert Thinks CRE Will Be a Safe Harbor Amid Tariff Turmoil” - https://www.globest.com/2025/04/08/this-expert-thinks-cre-will-be-a-safe-harbor-amid-tariff-turmoil/ RealPage: “Healthy 1st Quarter Demand Boosts Rent Growth as Supply Ebbs” - https://www.realpage.com/analytics/1q-2025-data-update/ Yardi Matrix: “National Multifamily Report, March 2025: Multifamily Shows Positive Signs Amidst Economic Uncertainty” - https://www.yardimatrix.com/publications/download/file/7082-MatrixMultifamilyNationalReport-March2025 HousingWire: “How quickly does financial turmoil impact the housing market?” - https://www.housingwire.com/articles/how-quickly-does-financial-turmoil-impact-the-housing-market/ Download Gray Capital's latest report: ⁠https://www.graycapitalllc.com/window/⁠Sign up for our free multifamily newsletter here: ⁠https://www.graycapitalllc.com/newsletter⁠ DISCLAIMERS: This video does not constitute professional financial advice and is for educational/entertainment purposes only. This video is not an offer to invest. Any offering would be made through a private placement memorandum and would be limited to accredited investors.