The Radix Review: Multifamily Trends Explained
Covering the latest trends in multifamily housing, demographics, and economic insights, built off real time analytics at the property, submarket and market level.
The Radix Review: Multifamily Trends Explained
Multifamily Results Steady Despite Economic Headwinds
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Economic Headlines
Impacts related to the conflict in the Middle East continue to dominate economic headlines. All data stated are based on the publication date of this report, and they are subject to change.
· Crude Oil near $100/bbl: Up $30 since late February.
· Gasoline at $3.72/gal: An 80-cent jump in 30 days.
· Market Volatility: S&P 500 -2.4%; Dow -4.1% since the conflict began.
· Mortgage Rates: Increased from 5.98% to 6.11%.
Rising mortgage rates and market volatility are increasing the cost of homeownership, forcing many renters to delay their purchase plans and stay in the rental market longer. While this supports steady occupancy, the "inflation tax" on wallets from higher everyday costs may limit rent growth this year.
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