White Paper: The High-Growth Market Trap Navigating the Recovery in Multifamily

Why falling supply is a necessary, but not sufficient, condition for recovery

As we enter 2026, much of the multifamily industry has declared victory over supply, assuming that 18 months of declining starts will translate into imminent recovery. History suggests otherwise.

In our latest white paper, The High-Growth Market Trap: Navigating the Recovery in Multifamily, Virtú CIO Ritesh Patel and CEO Michael Green examine why the markets assumed to offer the strongest rent growth have repeatedly produced "lost decades" instead, and why time-since-peak-supply and discount-from-peak-pricing are the wrong metrics for identifying the next recovery.

You'll Learn About

• The three structural drivers of a "lost decade": the vacancy gap, demand fragility, and stubborn capital
• Why high-growth, high-supply markets like Austin, Denver, and Phoenix continue to lag while supply-constrained markets like the Bay Area lead the national recovery
• The conditions Virtú is watching for to signal a broad-based shift from extension to resolution

To view the white paper, click here.