Multifamily proved to be one of the more volatile parts of real estate in 2025. Following a period of aggressive construction after the pandemic, supported by large population migration and increasingly unaffordable home prices, oversupply became theAnalyst’s Disclosure:I/we have a beneficial long position in the shares of CPT, INVH either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than ...