The Myths of Multifamily’s Sun Belt Bust

What goes up must come down, right? That’s one of the myths that has followed the Sun Belt’s multifamily market for decades, says Real Page Chief Economist Jay Parsons. It’s the idea of a boom and bust cycle, wherein strong periods of investment give way to supply levels that overserve demand. In practice, though, the Sun Belt has proved itself a market as or more resilient than many coastal cities. Here’s the rundown on why 2023 will likely be no different.