In this episode of Meet the Visionaries, MSRED student Michael Khamis sits down with Jay Parsons, one of the industry’s renowned rental housing economists and strategists,  for a deep dive into the forces shaping housing and capital markets in 2025 and beyond.

From the ripple effects of immigration policy on construction labor and project feasibility to the rent slowdown, shifting housing policy, and the limits of monetary easing, Jay unpacks the data and narratives driving today’s real estate economy. The conversation also explores the 2025–2026 supply peak, evolving migration patterns, and what REIT earnings can tell us about the road ahead for multifamily performance and valuation.

Interview by: Michael Khamis / MSRED 2026

Director: Denise DeLorey

Production: Michael Khamis / Lacey Cochran

Music from #Uppbeat:

https://uppbeat.io/t/mark-july/dance-with-me

License code: KQAWWN4CWQXDF01E