Demand for rental apartments reached a five-year high this spring, spurred by new household formation and lagging home sales.
The U.S. apartment market suffered its worst spring since 2010. Weakening demand resulted in high vacancy rates and little rent increases in major cities.
The post U.S. Rental Rates Flatten in Major Cities as Supply Floods Market appeared first on Real Estate News & Insights | realtor.com®.
In a research note out Tuesday, Goldman Sachs economists suggested a February slowdown in housing inflation was likely temporary. In the March consumer price index data released Wednesday, they were proved right.
The post That Apartment Building Boom Is Slowing—So Rent Is About to Accelerate appeared first on Real Estate News & Insights | realtor.com®.
Apartment rents declined in some of the country’s priciest cities during the third quarter, a dramatic reversal that could signal the end of a six-year boom for the U.S. rental market.
The post Some Big U.S. Cities See Apartment Rents Fall for First Time in Years appeared first on Real Estate News and Advice – realtor.com.