Multi-Family in 2023!

What's going on with multi-family housing in 2023?  Basically there's a lot of excitement and plethora of good opportunities.  Ellie Perlman, a Forbes Business Council Member, wrote this article titled "Multifamily Real Estate Predictions for 2023" in February of this year where she makes a number of points which are consistent with our outlook:

1. Whether a recession happens or doesn't happen and regardless of what type of recession it's going to be a solid year for multi-family investments.  The market is strong and will continue to be so.
2. Redfin predicts that as mortgage rates rise, inflation will remain high, the market will continue to slow.
3. The National Association of Realtors estimated in 2021 a shortfall of over 5.5 million units and the gap has largely not closed.

There is no question that there will continue to be high demand for multi-family housing and this investment vehicle will continue to be a sound choice.