Observations and expectations related to multifamily and housing as discussed in the report, Market Expectations and Realities, a combined effort of NAR, Deloitte, and Situs RERC, are discussed, The discussion is held by George Ratiu, Director of Quantitative & Commercial Research with the National Association of Realtors® (NAR). He talks about the continued strength in the multifamily property market, noting the constraint of supply as most new product is of the pricier class A type property. Although supply slightly outpaced demand in the prior year, he expects supply constraint to continue to be the primary story, but he does note a slowing in rent growth of late.