Apartment Rents Up 13% Year Over Year

Apartment rents increased nearly 13 percent nationwide over the past year–the highest rate in at least two years–but growth slowed slightly in October, reports from Redfin and RealPage said.

Apartment Demand Soars

Demand for apartments continues to soar. RealPage, Richardson, Texas, reported the nation’s occupied apartment count jumped by more than a quarter-million units during the third quarter.

Apartment Rents Jump at Fastest Rate in 2 Years

Apartment effective asking rents climbed 0.6 percent in February, the fastest single-month pace seen since the middle of 2019, reported RealPage, Richardson, Texas.

Apartment Leasing Rebounds in Third Quarter

Apartment leasing proved strong in the third quarter, bouncing back from the limited demand seen earlier this year, reported RealPage, Richardson, Texas.

COVID-19 Slows Apartment Demand

Apartment demand normally increases when spring arrives, but this year could see significantly lower volume due to the coronavirus threat, said RealPage, Richardson, Texas.