In this episode of the Top of Mind podcast, Mike Simonsen sits down with Jay Parsons, VP, Head of Economics and Industry Principals for RealPage, to talk about what’s happening in the rental market. Jay explains how the rental market and housing market are interrelated, gives his take on which rental policies work, and shares leading indicators he’s watching to stay on top of the market in 2023.
About Jay ParsonsJay Parsons serves as VP, Head of Economics and Industry Principals for RealPage. He is a frequent author and speaker on topics including rental housing investment and asset management strategy, rental housing policy issues, risk management, and property management — covering apartments and single-family rentals. Jay has been cited in the Wall Street Journal, Bloomberg, and CNBC, among other outlets. His commentaries have been published by the Pension Real Estate Association, the Mortgage Bankers Association, the National Apartment Association, American Banker, and GlobeSt.
Here’s a glimpse of what you’ll learn:- Why the rental market is often misunderstood
- How rents will impact inflation and the CPI for the next year
- How home prices and rental prices are interrelated
- Why the surging supply of new construction may not help renter costs any time soon
- What to expect for rents in 2023
A true data geek, Mike founded Altos Research in 2006 to bring data and insight on the U.S. housing market to those who need it most. The company now serves the largest Wall Street investment firms, banks, and tens of thousands of real estate professionals around the country. Mike's insights on the market have been featured in Forbes, New York Times, Bloomberg, Dallas Morning News, Seattle PI, and many other national media outlets.
Resources mentioned in this episode: Follow us on Twitter for more data analysis and insights:https://twitter.com/altosresearch
https://twitter.com/mikesimonsen
See you next week!
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