Rental housing economist Jay Parsons shares his take on the latest data on multifamily fundamentals. Is demand holding strong? Why are rents falling? Is supply still trending down? Are renters still renewing leases at record levels? Is there any sign of an impact from slowing job growth? Jay breaks down the Q3 and September data in hopes of providing some clarity amidst the Year of Uncertainty. For additional clarity, Jay welcomes onto the podcast Alyson Bode, the SVP for research and data strategy at Kettler. Jay and Alyson talk about how 2025 has played out versus expectations going into the year, and also discuss the outlook for 2026 and beyond. As usual, Jay also brings back recurring features like "In the News" and "Rental Housing Trivia."