Multifamily

Year over year slows but March picks up over February.

Professional BTR management is a large driver of residents into the sector.

Also, the labor market showed positive signs on staffing and costs.

Many might have a non-negotiable reason for their move – like a higher-paying job.

Year-to-date sales of homes in February were down YOY nearly 40%.

This year, multifamily investment is expected to fall 15%, but it isn't for a lack of renter demand. Higher interest rates and market uncertainty is upending deals.

The properties are located in Richmond and Norfolk VA, and Tampa FL.

It's wait-and-see in Silicon Valley, NYC, while West Coast and Zoom Town markets cooling the fastest.