JF 4042: Employment Revisions, Migration Slowdown and Multifamily Absorption with John Chang

On this week’s episode of Horizon, John Chang unpacks where multifamily demand is heading amid conflicting data and shifting migration trends. He explains how the August employment revisions, slower domestic and international migration, and a still-wide rent-to-own payment gap could cool absorption in the near term, especially across high-construction Sun Belt markets. John contrasts those headwinds with steadier fundamentals in supply-constrained “snow belt” metros, notes the growing importance of lease renewals over new leases, and makes the case that cap rates are stabilizing near equilibrium. He closes with a near-term “slow and steady” outlook and a longer-term rebound thesis for select Sun Belt markets once excess supply burns off. This is a limited time offer, so head over to aspenfunds.us/bestever to download the investor deck—or grab their quick-start guide if you’re brand new to oil and gas investing. Visit investwithsunrise.com to learn more about investment opportunities. Get 50% Off Monarch Money, the all-in-one financial tool at www.monarchmoney.com with code BESTEVER Get a 4-week trial, free postage, and a digital scale at ⁠https://www.stamps.com/cre⁠. Thanks to Stamps.com for sponsoring the show! Join the Best Ever Community The Best Ever Community is live and growing - and we want serious commercial real estate investors like you inside. It’s free to join, but you must apply and meet the criteria. Connect with top operators, LPs, GPs, and more, get real insights, and be part of a curated network built to help you grow. Apply now at ⁠www.bestevercommunity.com⁠ Learn more about your ad choices. Visit megaphone.fm/adchoices