Sequestration and tax hikes have slowed the US economys recovery, but multifamily is incredibly resilient, we learned during yesterdays webcast of Marcus & Millichaps 2013 economic and apartment market outlook. (It's like being there in person, but you don't have to wear a name tag. Though we still do because it accentuates our eyes.) The presenters (above), all multifamily mavens: Hessam Nadji, William Hughes, and John Sebree. In the capital markets, low-cost debt and equity continue to propel the sector. Thanks to multifamilys strong fundamentals, lenders underwriting principals remain strong but accommodative (theyre willing to consider future rent increases).

Participants had varied opinions on todays hottest property types for investment (above), and Marcus & Millichap predicts $95B-plus in sales volume this year (after $86B in 2012). You say bubble? John says market correction. Valuation escalation (a good band name) will slow, pulled down by low job growth. Back to the capital markets, the Fed said it would support this low interest rate environment until unemployment drops to 6.5%, but keep your eye on meeting minutes and lock in that long-term fixed-rate financing today.