Weekly Market Observations — April 11, 2023

Here’s Our Weekly Market Observations :

Job growth slows but remains strong with 236k jobs added in March

Fall 2023 multifamily pre-lease rent growth jumps 9.5% YOY in February

Multifamily prices decline 7% YOY in February but remains 26.7% higher than February 2020

Average 30yr fixed mortgage rates are down slightly to 6.28%