What Will Thaw the Frozen Multifamily Market?

Investors and buyers wait eagerly for signs of distressed deals, price discovery, and activity in the sluggish market, but the multifamily market and the economy as a whole have been showing signs of resilience that are at odds with earlier, more pessimistic projections. Declining rent growth looks to have tapered off, and while recent strong job growth has caused some inflation worries, the favorable employment and subdued wage growth numbers are certainly more favorable than recession-level job losses and increasing inflation.