But that doesn't mean the multifamily business is stagnant. On the contrary, there are investors eager to do deals, if they arise. Some developers are even embarking on the early stages of construction. Everyone, it seems, is optimistic about doing business again, once that light on the horizon starts to shine a little brighter.

Douglas M. Bibby, president of the National Multi Housing Council, recently spoke with GlobeSt.com about the trends he's seeing in the market, as well as the organization's agenda and priorities for 2010.

GlobeSt.com: Where does the multifamily market stand? Are we in a good place, or will things get worse from here?

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