Two RealPage posts offer an interesting take on the multifamily market. One notes that in the first quarter, the five largest apartment transactions were on the East Coast and West Coast. The other notes the Midwest apartment markets have demonstrated the greatest resiliency.

The latter post, written by Kim O'Brien, highlights the Midwest apartment markets' unique ability to shine during times when the rest of the nation is lagging. 

In 2020, when the nation's housing market was hit hard by the COVID-19 pandemic, the Midwest outperformed the flailing Gateway markets and stayed relatively in line with the Sun Belt, she writes. The following year "the Sun Belt market performance really took off, with new lease trade-out peaking at over 20%, leaving the Midwest to its slow-and-steady pace around the 10% mark. When the Gateway performance bounced back and hit a performance peak near 19% in 2022, the Midwest continued to log a solid – but less flashy – expansion, closer to 16%."