In football terminology, apartment fundamentals have made a lot of first downs but not necessarily touchdowns for 2023, according to Carl Whitaker, Director of Research and Analysis, RealPage.
"So, because the ball is moving in the right direction, it's a win," Whitaker said, speaking last week at the Middleburg Housing Summit, hosted by Middleburg Communities.
"The industry has been able to weather the storm of economic uncertainty." Apartment demand stabilized in 2023, following on the heels of a record-setting 2021 and a challenging 2022.
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