Caution: Vacancies Are Flat, and Supply Is Rising

Ryan Severino, senior economist at Reis, pulls no punches in offering up a contrast to today’s exuberance at this year’s Economic Forecast session at the Multifamily Executive Conference. “I’m not trying to be the grim reaper … but the reality you find when you look at the data is often far more nuanced and often counter-intuitive than what you’re going to read in the Wall Street Journal.”