Apartment List says rent growth has cooled substantially from last year’s peak with year-over-year rent growth currently standing at a record-setting 17.8%. However, over the past four months, rents only increased by a total of just 0.9%. In February, 41 of the nation’s 100 largest cities saw rents fall with just five cities seeing an increase by more than 1%. Apartment List says it remains to be seen if rapid rent growth will return as moving activity picks back up in the spring and summer. Continue reading HERE...
Metro East REIA
Comments