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Moses Kagan, industry influencer, commented on the accuracy of rent growth projections for Sun Belt apartments bought in 2019. He observed that investors who underwrote 3.5% annual rent growth and held their properties through the present period matched the actual market outcome.
Kagan's remarks highlight the challenges and occasional successes involved in forecasting multifamily market trends.
Recent apartment sector data showed leasing activity started the spring season slower than last year, according to Radix figures reported by Jay Parsons. Investors have also slowed their commitments to build-to-rent construction, impacting U.S. housing supply as Parsons previously reported. These developments provide context for ongoing rent growth forecasts in multifamily markets.