National Multifamily Report,<\/a> average multifamily asking rents showed a slight increase in October, despite weaker demand and dipping year-over-year (YOY) growth.<\/p>\n\n\n\n\u201cThe pandemic recovery has been rapid, it has been V-shaped, but now it is indeed cooling. We’re really on the downturn, is what I would tell you. The U.S. economy is slowing, the yield curve has inverted for all intents and purposes,\u201d said Adler, vice president of Yardi Matrix.<\/p>\n\n\n\n
\u201cWhen it comes to the U.S. multifamily industry, the domestic migration has had a significant impact on demand, but household formations have had even a larger impact,\u201d Adler said. Demographic trends are expected to support continued housing demand.<\/p>\n\n\n\n
Rising interest rates, however, will preclude many would-be buyers from home purchases in the near future. First-time homebuyers are being frozen out of the market, according to the National Association of Realtors, and will be more likely to remain in rentals.<\/p>\n\n\n\n
\u201cThe capital markets are really what’s the problem, mortgage rates are up to 6 percent and above, and valuations have adjusted downward,\u201d said Adler, off as much as 25 percent from a peak in January 2022. However, U.S. multifamily continues to be a standout sector among all asset types.<\/p>\n\n\n\n
\u201cDeclining homeownership will be a bit of a tailwind (for multifamily),\u201d as long as household formation holds up, Adler said. \u201cFundamentals have been great, but they are decelerating.\u201d<\/p>\n\n\n\n
U.S. asking rents increased $3 in October to $1,727. Year-over-year growth fell to 8.2 percent, the lowest level since the summer of 2021 and down from its 15.3 percent peak in the first quarter.<\/p>\n\n\n\n
The single-family rental market is also cooling off. The average U.S. asking rent was unchanged at $2,088 in October, while the YOY increase fell by 160 basis points to 6.6 percent.<\/p>\n\n\n\n
\u201cSFR\/BTR fundamentals are strong, but they’re also decelerating, very similar to multifamily,\u201d Adler said. And with a difficult construction financing environment, limited new supply is expected through 2026. This could exacerbate the U.S. housing supply shortage, pushing it out through the next decade.<\/p>\n\n\n\n
As far as an anticipated recession, that\u2019s currently very likely by the fourth quarter of 2023, according to experts.<\/p>\n\n\n\n
\u201cEssentially we\u2019re on a glide path to the next recession, which is probably one of the most well forecasted recessions I’ve seen in a while,\u201d Adler observed.<\/p>\n\n\n\n
Learn more about Yardi Matrix\u2019 wide variety of commercial real estate reports and resources.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Yardi Matrix experts Jeff Adler and Paul Fiorilla presented their final 2022 outlook for the multifamily sector during a Nov. 16 webinar. As with most current economic forecasts, it\u2019s a challenging picture despite recent record-setting performance and consistently strong fundamentals. The presentation materials and webinar recording are now available for download. According to the latest […]<\/p>\n","protected":false},"author":413,"featured_media":34617,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_s2mail":"yes","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2791],"tags":[1169],"class_list":["post-34614","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-matrix","tag-yardi-matrix"],"acf":[],"yoast_head":"\n
Yardi Blog<\/title>\n<meta name=\"description\" content=\"Yardi Matrix experts Jeff Adler and Paul Fiorilla presented their final 2022 outlook for the multifamily sector during a Nov. 16 webinar. As with most\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.yardi.com\/blog\/yardi-matrix-multifamily-webinar\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Yardi Matrix Multifamily Webinar\" \/>\n<meta property=\"og:description\" content=\"Yardi Matrix experts Jeff Adler and Paul Fiorilla presented their final 2022 outlook for the multifamily sector during a Nov. 16 webinar. As with most\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.yardi.com\/blog\/yardi-matrix-multifamily-webinar\/\" \/>\n<meta property=\"og:site_name\" content=\"Yardi Blog\" \/>\n<meta property=\"article:published_time\" content=\"2022-11-20T19:45:41+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-02-22T23:26:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2022\/11\/rsz_adobestock_237383310.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"486\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Leah Etling\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Leah Etling\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.yardi.com\/blog\/yardi-matrix-multifamily-webinar\/\",\"url\":\"https:\/\/www.yardi.com\/blog\/yardi-matrix-multifamily-webinar\/\",\"name\":\"Yardi Matrix Multifamily Webinar - Yardi Corporate Blog\",\"isPartOf\":{\"@id\":\"https:\/\/www.yardi.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.yardi.com\/blog\/yardi-matrix-multifamily-webinar\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.yardi.com\/blog\/yardi-matrix-multifamily-webinar\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2022\/11\/rsz_adobestock_237383310.jpg\",\"datePublished\":\"2022-11-20T19:45:41+00:00\",\"dateModified\":\"2026-02-22T23:26:50+00:00\",\"author\":{\"@id\":\"https:\/\/www.yardi.com\/blog\/#\/schema\/person\/81b16a7aea318dbdaaa0a17b776a0c52\"},\"description\":\"Yardi Matrix experts Jeff Adler and Paul Fiorilla presented their final 2022 outlook for the multifamily sector during a Nov. 16 webinar. As with most\",\"breadcrumb\":{\"@id\":\"https:\/\/www.yardi.com\/blog\/yardi-matrix-multifamily-webinar\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.yardi.com\/blog\/yardi-matrix-multifamily-webinar\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.yardi.com\/blog\/yardi-matrix-multifamily-webinar\/#primaryimage\",\"url\":\"https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2022\/11\/rsz_adobestock_237383310.jpg\",\"contentUrl\":\"https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2022\/11\/rsz_adobestock_237383310.jpg\",\"width\":1024,\"height\":486},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.yardi.com\/blog\/yardi-matrix-multifamily-webinar\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.yardi.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Yardi Matrix Multifamily Webinar\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.yardi.com\/blog\/#website\",\"url\":\"https:\/\/www.yardi.com\/blog\/\",\"name\":\"Yardi Blog\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.yardi.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.yardi.com\/blog\/#\/schema\/person\/81b16a7aea318dbdaaa0a17b776a0c52\",\"name\":\"Leah Etling\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.yardi.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/9fa1e69f4f920593cfa724d25dc7da5cb96fac8a5a1a39b01b0d456d468ed3af?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/9fa1e69f4f920593cfa724d25dc7da5cb96fac8a5a1a39b01b0d456d468ed3af?s=96&d=mm&r=g\",\"caption\":\"Leah Etling\"},\"description\":\"Leah Etling is the founding editor of the Balance Sheet and a 12-year Yardi employee who also oversees press releases and social media. An award winning journalist, she holds a master's degree from UC Berkeley and is a native of Santa Barbara County, Yardi's home.\",\"url\":\"https:\/\/www.yardi.com\/blog\/author\/leah-etling\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Yardi Blog","description":"Yardi Matrix experts Jeff Adler and Paul Fiorilla presented their final 2022 outlook for the multifamily sector during a Nov. 16 webinar. As with most","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.yardi.com\/blog\/yardi-matrix-multifamily-webinar\/","og_locale":"en_US","og_type":"article","og_title":"Yardi Matrix Multifamily Webinar","og_description":"Yardi Matrix experts Jeff Adler and Paul Fiorilla presented their final 2022 outlook for the multifamily sector during a Nov. 16 webinar. As with most","og_url":"https:\/\/www.yardi.com\/blog\/yardi-matrix-multifamily-webinar\/","og_site_name":"Yardi Blog","article_published_time":"2022-11-20T19:45:41+00:00","article_modified_time":"2026-02-22T23:26:50+00:00","og_image":[{"width":1024,"height":486,"url":"https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2022\/11\/rsz_adobestock_237383310.jpg","type":"image\/jpeg"}],"author":"Leah Etling","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Leah Etling","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.yardi.com\/blog\/yardi-matrix-multifamily-webinar\/","url":"https:\/\/www.yardi.com\/blog\/yardi-matrix-multifamily-webinar\/","name":"Yardi Matrix Multifamily Webinar - Yardi Corporate Blog","isPartOf":{"@id":"https:\/\/www.yardi.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.yardi.com\/blog\/yardi-matrix-multifamily-webinar\/#primaryimage"},"image":{"@id":"https:\/\/www.yardi.com\/blog\/yardi-matrix-multifamily-webinar\/#primaryimage"},"thumbnailUrl":"https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2022\/11\/rsz_adobestock_237383310.jpg","datePublished":"2022-11-20T19:45:41+00:00","dateModified":"2026-02-22T23:26:50+00:00","author":{"@id":"https:\/\/www.yardi.com\/blog\/#\/schema\/person\/81b16a7aea318dbdaaa0a17b776a0c52"},"description":"Yardi Matrix experts Jeff Adler and Paul Fiorilla presented their final 2022 outlook for the multifamily sector during a Nov. 16 webinar. As with most","breadcrumb":{"@id":"https:\/\/www.yardi.com\/blog\/yardi-matrix-multifamily-webinar\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.yardi.com\/blog\/yardi-matrix-multifamily-webinar\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.yardi.com\/blog\/yardi-matrix-multifamily-webinar\/#primaryimage","url":"https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2022\/11\/rsz_adobestock_237383310.jpg","contentUrl":"https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2022\/11\/rsz_adobestock_237383310.jpg","width":1024,"height":486},{"@type":"BreadcrumbList","@id":"https:\/\/www.yardi.com\/blog\/yardi-matrix-multifamily-webinar\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.yardi.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Yardi Matrix Multifamily Webinar"}]},{"@type":"WebSite","@id":"https:\/\/www.yardi.com\/blog\/#website","url":"https:\/\/www.yardi.com\/blog\/","name":"Yardi Blog","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.yardi.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.yardi.com\/blog\/#\/schema\/person\/81b16a7aea318dbdaaa0a17b776a0c52","name":"Leah Etling","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.yardi.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/9fa1e69f4f920593cfa724d25dc7da5cb96fac8a5a1a39b01b0d456d468ed3af?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/9fa1e69f4f920593cfa724d25dc7da5cb96fac8a5a1a39b01b0d456d468ed3af?s=96&d=mm&r=g","caption":"Leah Etling"},"description":"Leah Etling is the founding editor of the Balance Sheet and a 12-year Yardi employee who also oversees press releases and social media. An award winning journalist, she holds a master's degree from UC Berkeley and is a native of Santa Barbara County, Yardi's home.","url":"https:\/\/www.yardi.com\/blog\/author\/leah-etling\/"}]}},"jetpack_featured_media_url":"https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2022\/11\/rsz_adobestock_237383310.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.yardi.com\/blog\/wp-json\/wp\/v2\/posts\/34614","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.yardi.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.yardi.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.yardi.com\/blog\/wp-json\/wp\/v2\/users\/413"}],"replies":[{"embeddable":true,"href":"https:\/\/www.yardi.com\/blog\/wp-json\/wp\/v2\/comments?post=34614"}],"version-history":[{"count":4,"href":"https:\/\/www.yardi.com\/blog\/wp-json\/wp\/v2\/posts\/34614\/revisions"}],"predecessor-version":[{"id":34619,"href":"https:\/\/www.yardi.com\/blog\/wp-json\/wp\/v2\/posts\/34614\/revisions\/34619"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.yardi.com\/blog\/wp-json\/wp\/v2\/media\/34617"}],"wp:attachment":[{"href":"https:\/\/www.yardi.com\/blog\/wp-json\/wp\/v2\/media?parent=34614"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.yardi.com\/blog\/wp-json\/wp\/v2\/categories?post=34614"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.yardi.com\/blog\/wp-json\/wp\/v2\/tags?post=34614"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![\"\"](\"https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2022\/11\/Oct-MF-report.jpg?w=1200\")
<\/a><\/figure><\/div>\n\n\n