Quote: Jan. 12, 2023

“We’ve never before seen a period like this–weak demand for all types of housing despite robust job growth and sizable wage gains, It wasn’t just apartment demand that shot up in 2021 and plunged in 2022. The same pattern played out to varying degrees in other rentals and in for-sale homes.”
–Jay Parsons, Vice President, Head of Economics and Industry Principals with RealPage, Richardson, Texas.