The economy has been steady thus far in 2024, although persistent inflation leading to high interest rates have been the thorn in the side of many economists. Multifamily fundamentals had a decent leasing season, but the end of the supply wave has kept performance in check. Demand remains strong, and units are absorbing, but annual rent growth is negative, especially in sunbelt cities. As we move away from the prime leasing season, performance will likely soften, but for most markets, especially those on the coasts and in the Midwest, the softening will reflect typical seasonal patterns. 🖥️ Blog post: https://lnkd.in/dVCVj9zA 🎙️ Listen on Spotify: https://lnkd.in/diXfKaae 🎧 Listen on Apple: https://lnkd.in/dJe8gbFM #multifamilydata #RealEstateData #MultifamilyMarket #Radix #thetruthindata
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Why is rent so high everywhere, and will it ever go down? My latest blog provides an in-depth analysis of the factors driving up rent prices and explores possible future trends in the rental market. Stay informed and understand the dynamics of the housing market. 👉 Read the full article here: https://lnkd.in/gEXYAwQ9 #RealEstate #RentalMarket #HousingTrends #MarketAnalysis #SATX
Why is Rent So High Everywhere and Will It Ever Go Down? | Insightf...
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It's an idea, maybe not the best one. You see, interest rates have fluctuated throughout history. Sometimes they are up and sometimes they are down. What has consistently increased? Rental rates. These have increased annually by a national average of 8.85% since 1980. I'd love to show you some different payment scenarios so you can compare and make the best decision. Let's talk.606.923.8726
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Is the #Multifamily market cooling off? May's 0.3% rent growth indicates a return to the more moderate patterns observed between 2010 and 2019, notes the latest #YardiMatrix rent forecast bulletin. Deep-dive into these trends: https://lnkd.in/gfWfzZUK #MultifamilyRealEstate #HousingMarket #HousingMarketForecast #HousingMarketData #RealEstate #RealEstateForecast #RealEstateData #RealEstateReport #RealEstateExperts
June 2024 Multifamily Rent Forecast Update | Yardi Matrix
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Apartment builders and apartment investors would be well served to consider this 5 year view from Markerr before deciding where next to put their energy and dollars. Collating data from home prices, single family permits and population growth and using machine learning and AI technology, Markerr told us that in December 23 rental growth stayed negative at -2.1%. However, things are looking up and 2024 is predicted to go back to positive growth of 1.9% up to 2.2% over five years. Cities that slumped in 2023 included Phoenix, Vegas, San Francisco, New Orleans, Portland and Philadelphia. Cities to watch are Raleigh Durham and Knoxville with a five year growth predicted at 4.4%. Tertiarys will be the new primaries and coastals might not get past a limp with only 1.6% rental growth predicted over the next five years. All very fascinating, it will be interesting to see which of these predictions actually happen and how things play out.
Discover which markets experienced the most significant rent reductions in December 2023 and identify those expected to outperform in the next five years with our quantitative rent forecast. Coverage by GlobeSt.com: https://lnkd.in/e3F-x3db Markerr report: https://lnkd.in/eGc2e3bt
The Five-Year Forecast for Apartment Rent Growth | GlobeSt
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Are pre-pandemic rent growths back in the picture? Find out what our Yardi Matrix Rent Forecast is seeing in the June Bulletin. 📈 #RentGrowth #MultifamilyRealEstate #HousingMarket #HousingMarketForecast #HousingMarketData #RealEstate #RealEstateForecast #RealEstateData #RealEstateReport #RealEstateExperts #RealEstate #MarketTrends
Is the #Multifamily market cooling off? May's 0.3% rent growth indicates a return to the more moderate patterns observed between 2010 and 2019, notes the latest #YardiMatrix rent forecast bulletin. Deep-dive into these trends: https://lnkd.in/gfWfzZUK #MultifamilyRealEstate #HousingMarket #HousingMarketForecast #HousingMarketData #RealEstate #RealEstateForecast #RealEstateData #RealEstateReport #RealEstateExperts
June 2024 Multifamily Rent Forecast Update | Yardi Matrix
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More moderate patterns for rent forecast. Read our Rent Forecast Bulleting for details!
Is the #Multifamily market cooling off? May's 0.3% rent growth indicates a return to the more moderate patterns observed between 2010 and 2019, notes the latest #YardiMatrix rent forecast bulletin. Deep-dive into these trends: https://lnkd.in/gfWfzZUK #MultifamilyRealEstate #HousingMarket #HousingMarketForecast #HousingMarketData #RealEstate #RealEstateForecast #RealEstateData #RealEstateReport #RealEstateExperts
June 2024 Multifamily Rent Forecast Update | Yardi Matrix
yardimatrix.com
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It's an idea, maybe not the best one. You see, interest rates have fluctuated throughout history. Sometimes they are up and sometimes they are down. What has consistently increased? Rental rates. These have increased annually by a national average of 8.85% since 1980. I'd love to show you some different payment scenarios so you can compare and make the best decision. Let's talk.412-670-2532
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