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The South posted a decline of 32.5% and the West declined by 27.9%.
Certain categories appear to be moderating on the horizon, but sentiment is mixed.
Views for apartments in Minneapolis in February soared by 234% compared to February last year.
2024 is on track to become a record year for lab space deliveries.
County population growth is slowing down out west, such as in Arizona and Idaho.
Eight out of the 10 most overvalued markets are edging back down toward their long-term pricing trends.
Five of Yardi Matrix's top 30 markets are down in rent growth by 3% or more.
It has recovered jobs lost since the pandemic and 22.4% of the population is between 20 and 34 years old.
Shipping and freight insurance costs are rising significantly and US manufacturers are pivoting to be more local.
Cap rates averaged 6.9% at the end of Q4.