Report: Multifamily Firms Reconsidering Investing in Rent Control Markets

Unsurprisingly, almost 60% of multifamily firms recently surveyed by the National Multifamily Housing Council have indicated they will reduce or avoid investing in markets with rent control and an additional 15% are considering cutting back. Less than 30% indicated a willingness to keep existing or add investments in those markets. California received the highest negative rankings followed by New York, Minnesota, Washington, Oregon, Illinois, Maryland, Massachusetts, Connecticut, and Colorado. Visit Growing Homes Together for more details.