Show Notes
What’s ahead for multifamily investing in 2026? In this solo episode, Michael Blank breaks down what actually happened in 2025, what’s driving this year’s market, and why now is the time to get off the sidelines. We’re coming out of a tough cycle—flat rents, high vacancies, and brutal interest rates—but things are stabilizing. That stability, combined with shrinking supply and steady demand, is setting the stage for a strong comeback. Whether you’re a new investor or you’ve taken a beating the last few years, this episode will help you make smart, confident moves in today’s market.
Key Takeaways
What Really Happened in 2025
Rent growth was weaker than expected—flat to slightly down, depending on the market.
Absorption was strong (highest in 25 years), but new supply outpaced demand.
A huge wave of Class A deliveries pushed vacancy rates up and rents down across asset classes.
Class B and C properties took an unexpected hit as new Class A units competed on price.
Why 2026 Looks Different (and Better)
New construction is falling off a cliff due to high interest rates and construction costs.
Fewer permits = less future supply, which creates upward pressure on rents.
Concessions are finally burning off—an early sign rents are about to rise again.
Demand for affordable housing remains high, especially with homeownership out of reach for many.
Interest Rates and the Fed: What to Expect
The Fed’s outlook is “flat to down,” signaling more stable lending conditions.
This is a huge shift from the aggressive hikes of the last few years.
Predictable rates mean we can finally underwrite deals with more confidence.
Short-Term Risks to Watch
Youth unemployment (10%+) could delay household formation and rental demand.
Policy moves (like tariffs or stimulus) may shift construction or financing dynamics.
Geopolitical and economic uncertainty could impact absorption timing and investor sentiment.
Why 2026 Could Be the Best Entry Point in Years
Pricing is 30–35% off peak in many markets—without the frothy underwriting of 2021–2022.
Fewer buyers = less competition = better deals.
This feels a lot like 2009–2010, when the smart investors loaded up while others sat on the sidelines.
It’s not about quick wins—it’s about setting up your portfolio for 2027–2028 and beyond.
Advice for Active and Passive Investors
If you're burned out or scared, don’t walk away—step back in with wisdom.
Now’s the time to double down on underwriting, asset management, and operator due diligence.
Don’t let emotion make the decision—look at the fundamentals and act accordingly.
If you're new, you’re actually at an advantage: no baggage, fresh eyes, better timing.
Connect with Michael Blank
Resources
Join the Nighthawk Equity Investor Club
Access the #1 FREE Apartment Investing Course (Apartments 101)
Schedule a Free Strategy Session with Michael's Team of Advisors
Explore Michael’s Mentoring Program
Review the Podcast on Apple Podcasts
Get the Book, Financial Freedom with Real Estate Investing by Michael Blank
I’ll be sharing this with a few friends.
Giving season is officially here! Which holiday gift set are you eyeing for yourself? (Don’t worry, your secret is safe with us.)
Thanks for making this easy to understand even without a background in it.
This was really well done. I can tell a lot of thought went into making it clear and user-friendly. Keep up the good work!
Great information shared.. really enjoyed reading this post thank you author for sharing this post .. appreciated
Very well presented. Every quote was awesome and thanks for sharing the content. Keep sharing and keep motivating others.
There is definately a lot to find out about this subject. I like all the points you made
For the reason that the admin of this site is working, no uncertainty very quickly it will be renowned, due to its quality contents.
This was beautiful Admin. Thank you for your reflections.
I appreciate you sharing this blog post. Thanks Again. Cool.
This was beautiful Admin. Thank you for your reflections.
For the reason that the admin of this site is working, no uncertainty very quickly it will be renowned, due to its quality contents.
ProfileInfo helps you showcase your work, skills, and profile through a clean and shareable online portfolio.
This is really interesting, You’re a very skilled blogger. I’ve joined your feed and look forward to seeking more of your magnificent post. Also, I’ve shared your site in my social networks!
This is really interesting, You’re a very skilled blogger. I’ve joined your feed and look forward to seeking more of your magnificent post. Also, I’ve shared your site in my social networks!
very informative articles or reviews at this time.
This is really interesting, You’re a very skilled blogger. I’ve joined your feed and look forward to seeking more of your magnificent post. Also, I’ve shared your site in my social networks!
This is my first time pay a quick visit at here and i am really happy to read everthing at one place
I really like reading through a post that can make men and women think. Also, thank you for allowing me to comment!
For the reason that the admin of this site is working, no uncertainty very quickly it will be renowned, due to its quality contents.
Pretty! This has been a really wonderful post. Many thanks for providing these details.
I just like the helpful information you provide in your articles
I really like reading through a post that can make men and women think. Also, thank you for allowing me to comment!
This was beautiful Admin. Thank you for your reflections.
I truly appreciate your technique of writing a blog. I added it to my bookmark site list and will
This piece offers value to export-oriented organizations
I do not even understand how I ended up here, but I assumed this publish used to be great
I very delighted to find this internet site on bing, just what I was searching for as well saved to fav
For the reason that the admin of this site is working, no uncertainty very quickly it will be renowned, due to its quality contents.
I very delighted to find this internet site on bing, just what I was searching for as well saved to fav
what a wonderful article, did you try checking out the best webdesign agencies in germany webdesignagenturnürnberg.de
Boostaro is a purpose-built wellness formula created for men who want to strengthen vitality, confidence, and everyday performance.
ProDentim is a distinctive oral-care formula that pairs targeted probiotics with plant-based ingredients to encourage strong teeth, comfortable gums, and reliably fresh breath.
Mitolyn is a carefully developed, plant-based formula created to help support metabolic efficiency and encourage healthy, lasting weight management.
PurDentix is a revolutionary oral health supplement designed to support strong teeth and healthy gums. It tackles a wide range of dental concerns
Maintaining prostate health is crucial for men’s overall wellness, especially as they grow older. Conditions like reduced urine flow, interrupted sleep
Gluco6 is a natural, plant-based supplement designed to help maintain healthy blood sugar levels.
Arialief is a carefully developed dietary supplement designed to naturally support individuals dealing with sciatic nerve discomfort while promoting overall nerve wellness.
InsuLeaf is a high-quality, naturally formulated supplement created to help maintain balanced blood glucose, support metabolic health, and boost overall vitality.
The bodys natural process of skin cell renewal is essential for preserving a smooth, healthy, and youthful-looking complexion.
Manergy is an advanced male vitality supplement created to help support healthy testosterone levels
ProstAfense is a premium, doctor-crafted supplement formulated to maintain optimal prostate function, enhance urinary performance, and support overall male wellness.
NerveGenics is a naturally formulated nerve-health supplement created to promote nerve comfort, cellular energy support, antioxidant defense
Nitric Boost Ultra is a daily wellness formula designed to enhance vitality and help support all-around performance.
NerveCalm is a high-quality nutritional supplement crafted to promote nerve wellness, ease chronic discomfort, and boost everyday vitality.
GL Pro is a natural dietary supplement formulated to help maintain steady, healthy blood sugar levels while easing persistent sugar cravings.
Kerassentials is an entirely natural blend crafted with 4 potent core oils and enriched by 9 complementary oils and vital minerals.
NativeGut is a precision-crafted nutritional blend designed to nurture your dog’s digestive tract.
Prostadine concerns can disrupt everyday rhythm with steady discomfort, fueling frustration and a constant hunt for dependable relief.
Backbiome is a naturally crafted, research-backed daily supplement formulated to gently relieve back tension and soothe sciatic discomfort.
Visium Pro is an advanced vision support formula created to help maintain eye health, sharpen visual performance, and provide daily support against modern challenges such as screen exposure and visual fatigue.
ViriFlow is a dietary supplement formulated to help maintain prostate, bladder, and male reproductive health. Its blend of plant-based ingredients is designed to support urinary comfort and overall wellness as men age.