Are Interest Rates Going Down? Are Apartment Rents Going Up?

A recent article from Charles Schwab claims that the Federal Reserve will avoid further rate hikes, but these lower interest rate forecasts are accompanied by the expectation of an economic downturn. In the multifamily market, a recent rent growth report has recorded a rare year-over-year rent decrease, but when viewed alongside numerous other reports showing improving performance for multifamily assets, it is clear that rent growth is strengthening as we enter into peak leasing season.