Apartments.com Releases Rent Growth Report for First Quarter of … – Business Wire
WASHINGTON–(BUSINESS WIRE)–Today, Apartments.com — a CoStar Group company — published an in-depth report of multifamily rent trends for the first quarter of 2023. The negative trends in the multifamily market persisted at the start of the year.
“While we kicked off 2023 with positive monthly rent growth in January and February, we’ve still witnessed signs of weakness across the multifamily sector”
“While we kicked off 2023 with positive monthly rent growth in January and February, we’ve still witnessed signs of weakness across the multifamily sector,” said Jay Lybik, National Director of Multifamily Analytics at CoStar Group. “Economic uncertainty has suppressed household formations, and consumer confidence sits at low levels due to high inflation, Fed interest rate hikes and recession fears. Despite these headwinds, the deterioration of multifamily fundamentals appears to be slowing. However, the record supply still under construction and the economic uncertainty…
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source: https://news.oneseocompany.com/2023/04/10/apartmentscom-releases-rent-growth-report-for-first-quarter-of-business-wire_2023041043293.html
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