Gray Report Video: Multifamily Market Waiting for Distress

Forecasts continue to provide a clearer view of the major factors expected to drive multifamily fundamentals in 2023, and the investment market is waiting for the kinds of sales activity that will clarify a pricing environment that is still adjusting to the escalating interest rate hikes from the Federal Reserve. Additionally, the as-yet-unknown timing and severity of a potential recession, even a mild one, could mean the difference between robust rent growth or flagging performance in 2023.