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As we move deeper into the cycle, industry leaders are looking for potential signs of a recession, and one emerged: The 10-year/three-month yield curve has inverted. Historically, a yield curve inversion is one of the signs of an oncoming recession, and while it is only one metric, it is enough to encourage some developers to make strategic adjustments to hedge against a downturn.

“We are working to anticipate future changes in the market using a robust set of tools, and those tools are starting to give us some indication of market drift,” Scott Choppin, founder of Urban Pacific Group of Cos., tells GlobeSt.com. “We are just trying to be as effective as we can in the management of our real estate development, and we are looking for indicators that affect the multifamily market place. The tools facilitate the design of our strategy, and they include rent levels and rental demand, supply and the demand for that supply and the BaR Grid analysis, and the yield curve is one of the variables in this tool.”

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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