30 Jun What Makes Apartments Recession
Lower Delinquency Rates: During the 2007-2009 recession, which was also arguably the worst economic downturn in U.S. history, the economy skyrocketed with high unemployment rates of up to 10% nationally. During this financial crisis, multi-family performed very well compared to other asset classes. Reports from Urban Institute show that from 2007 to 2018, delinquency rates hovered below 0.5% and at times lower than 0.1%. This phenomenal track record on extremely low defaults supports the strength of this asset class.
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