After a slowdown, apartment rent growth increased to 2.9 percent in the third quarter of 2018.
Apartments rents are on the rise again.
The apartment market’s performance during the third quarter slightly
surpassed expectations,” according to Greg Willett, chief economist for
RealPage Inc., a provider of property management software and services.
Demand for apartment units softened slightly in recent years, as developers built thousands of new apartments. Now, demand is growing quickly once again, as the number of new households rises quickly and helps fill new units. This improved outlook comes after years of already strong rent growth and low vacancy rates....
RSK: Not really much of an increase but enough to take care of increased taxes hopefully.
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- - Volume: 6 - WEEK: 42 Date: 10/16/2018 8:58:25 AM -