Periods of extreme optimism and those mired in a rising-inflation environment are circumstances the multifamily housing industry has dealt with before.
But rare is today's mood, according to RealPage's Jay Parsons: "I've never seen so much exuberance about the 'now' and anxiety about the 'future' all at one time."
Parsons is the property management software firm's vice president, head of economics and housing. He sat with Daniel Mahoney, managing director, LaSalle Investment Management; and Grant Montgomery, VP of Research, WashREIT; during a panel at the National Apartment Association's Apartmentalize conference Friday in San Diego.
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