Prospects for economic growth counter anticipated slowdown in rent growth
SANTA BARBARA, Calif., Jan. 17, 2017 – The strong growth in U.S. rents and property values of the past few years should continue and propel the multifamily marketplace in 2017, according to Yardi® Matrix.
A new national market outlook report from Yardi Matrix, “Can the Good Times Keep Rolling?”, predicts that multifamily market fundamentals in most metros will remain positive even as the rate of rent increases slows. The prospect of new federal tax cuts, infrastructure spending and reduced business regulations could stimulate the economy, although potential tariffs and uncertainty surrounding the incoming administration’s policies could temper that growth. Overall, “2017 is shaping up to be the biggest year for new supply since the financial crisis,” the report says, while “demand for multifamily is poised to remain robust for years.”
To view the full report, click here.
Yardi Matrix is a business development tool for brokers, sponsors, banks and equity sources underwriting investments in the multifamily sector. Email [email protected], call 480-663-1149 or visit www.yardimatrix.com to learn more.
About Yardi
Yardi® develops and supports industry-leading investment and property management software for all types and sizes of real estate companies. Established in 1984, Yardi is based in Santa Barbara, Calif., and serves clients worldwide. For more information, visit www.yardi.com.