The Apartment Market Is Ready for 2026.
The year comes to a close for a multifamily market still dominated by the historic peak in new apartment supply in 2024. Apartment construction and supply growth is slowing, but 2025 apartment deliveries are well above pre-pandemic averages. That being said, encouraging data on the economy, along with expectations of a bigger drop in new multifamily supply in 2026, suggest that apartment performance is ready for stronger positive growth next year, especially in markets outside the Sunbelt that have seen less construction activity.
National YoY Rent Growth Average, November 2025*
-0.23%
* Based on data from RealPage, Zillow, Yardi Matrix, Apartment List, and CoStar
National Occupancy Average, November 2025*
93.5%
* Based on data from RealPage, Yardi Matrix, Apartment List, and CoStar
3.76%↑
3.64%↓
Economic Growth, Tax Policy, and the Housing Market
Economy Expands More than Expected in the Third Quarter as CRE Well-Situated for New Year (Marcus & Millichap)
Mitt Romney Leads a New Charge to Tax 1031s (GlobeSt)
Housing Forecast: Lower Rates to Boost Home Sales, Led by South and West Regions (Zillow)
Apartment Market Performance
Multifamily Rent Concessions: What Rising Incentives Reveal About CRE Risk in 2026 (Trepp)
Renting to stay cheaper than owning in 2026, RealPage says (Mortgage Professional America)
“The Midwest kept its renter appeal this year” amid supply-driven market. (RentCafe)
Multifamily and the Housing Market
Rental Payment Rates Down Year-over-Year, but Positive Momentum Is Building (Chandan Economics)
Forecast: Homes Sales Up by 7% in 2026, Another 7% in 2027 (Fannie Mae)
Homebuying Market “Handcuffed” to the 30-Year Mortgage (Cotality)
Pending Home Sales Surge to Nearly 3-Year High (NAR)
Home Sales and CRE News
US Home Sales Buyer-Seller Gap More Than Doubles in a Year (Newsweek)
Wall Street Investors Fell Back In Love With NYC Offices In ‘Epic’ 2025 (Bisnow)
Confidence in the Economy, CRE Edges Higher (Commercial Search)
CRE Exhales As Mamdani Taps Adams, De Blasio Vets For Key Roles (Bisnow)
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