NEW YORK CITY–The keynote speaker at's Spring Multifamily conference, held this week at the Lighthouse on Pier 61 in Manhattan, delivered a pep talk to an audience that really needed one.

The weather was too chilly to go outside and enjoy a spectacular view of the Hudson River, but Kim Betancourt, Fannie Mae's vice president of economics and multifamily research, did her best to lift the gloomy mood of her audience.

In no uncertain terms, Betancourt told everybody to snap out of it:

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