Yardi Matrix, Santa Barbara, Calif., released an outlook for the multifamily market in 2024, pointing to expectations as “mixed.”
Tag: Rent Growth
MBA Chart of the Week: Rent Growth–Year-over-Year Percentage Change
This week’s MBA Chart of the Week highlights a question related to housing costs and inflation: If home price appreciation and rent growth have been in double digits in the past few quarters—as highlighted by the (blue lined) Zillow Observed Rent Index in the chart—why is the shelter component (orange line) of the Consumer Price Index below 6%?
Rent Cuts Disappearing in Many Markets As Apartment Demand Rebounds
When COVID-19 hit in mid-March, apartment operators quickly cut rents as demand evaporated. Today leasing volumes are “surging” and rent cuts are disappearing quickly in most big U.S. metros, reported RealPage, Richardson, Texas.
Coronavirus Causes Biggest Multifamily Rent Growth Slowdown in Years
Apartment rent prices slowed more in April than in several years when the coronavirus pandemic hit, the April Zillow Real Estate Market Report said.