After reporting the third-largest monthly rent cuts since 2010, RealPage posed some "what-ifs" about the spring when the next leasing season traditionally begins.
"If the job market remains strong, pent-up demand for housing should be unlocked in spring 2023 – but that's admittedly a big if," Jay Parsons VP, Head of Economics & Industry Principals title, RealPage, said in a release.
"With the U.S. on track for record apartment completions in 2023, demand numbers will be closely watched. The sheer volume of lease-ups suggests there will be some relative bargains for Class A+ lease-ups in 2023, though that segment will mostly benefit upper-income renters.
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