Lee Everett

Lee Everett, Head of Research and Strategy at Cortland, sheds light on the troubling future of housing affordability. He discusses how rising interest rates have dramatically reduced new apartment development, leading to an impending supply crisis. Everett highlights the combined impact of labor shortages due to deportations and escalating insurance costs, all while rent prices have just begun to stabilize. With economic tensions mounting, a new shock to housing affordability could be on the horizon, affecting renters and buyers alike.

Lee Everett, vice president of research and strategy at Waterton, shares his expertise on the multifamily residential sector. He discusses the dramatic shifts in the market, detailing how rising interest rates and increasing operating costs are pressuring apartment owners. The podcast highlights a post-pandemic reckoning, where investors face falling rents, especially in the Sun Belt. Everett also dives into the complexities of current financing challenges, the ramifications of a past investment surge, and the looming oversupply of multifamily units.

Lee Everett, EVP and Head of Research for Cortland, joins to discuss the current U.S. apartment market dynamics. He highlights rising demand alongside declining supply, offering insights on rent growth for 2025 and 2026. The conversation touches on the resilience of the Sunbelt region compared to traditional markets, as well as demographic shifts influencing housing demand. Lee reflects on his career journey from college football to real estate, providing a unique perspective on market analysis and strategies for navigating upcoming economic uncertainties.