GlobeSt.com reports that research from multifamily analytics provider RealPage shows June rents were lower than earlier this year in more than half of the major U.S. metros the firm tracks.
“Moderating demand and rent growth were widely expected, and it appears to be finally happening,” the article quotes Jay Parsons, RealPage’s Head of Economics and Industry Principals, saying. “The open question is whether the market is entering a true slowdown due to inflation or it’s stabilizing toward more sustainable, balanced levels. We tend to take the latter view.”
RealPage analysts say the June 19.2% rent growth rate likely could be the peak growth rate. Read more at GlobeSt.com.
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