National Apartment Market Overview 1Q22

Rising interest rates could shift more demand to apartments away from unaffordable detached housing.

May 20, 2022
  • Leigh Warner
  • Hollee Hart

While there certainly will remain headwinds for the broader housing market as interest rates rise, a likely shift of demand towards lower price-point apartments and the potential for population growth to surprise to the upside could all exacerbate the medium-term supply/demand imbalance in the market, heighten rental shortages and at a minimum underpin current pricing levels that are still low relative to detached housing.

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