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Multifamily fundamentals have outperformed Zelman & Associates' recent forecasts, leading them to increase 2022 economic revenue growth to 7.8% from 5.8%.
Last year multifamily total returns surpassed the average yield of the 10-year Treasury by 1,820 basis points, the most significant outperformance since 1979. This is according to Zelman & Associates research cited in Walker & Dunlop's new multifamily outlook. Of course, we know the sector has been good to investors in the past two years. What we really want to know is, will it still deliver going forward? Walker & Dunlop doesn't disappoint, providing forecasts on how multifamily as well as single-family rental will perform in the next two years. Following are five predictions for the asset class.
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Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.