Multifamily rent growth slips to a 6


ultifamily housing rents may be up but their rate of increase has slowed significantly. The 1.5 percent growth in May was the lowest year-over-year increase in rent growth since 2011, according to Yardi Matrix s monthly survey of 121 markets. An increased supply along with a decrease in available financing is thought to be mai上海贵族宝贝交流区

n reason for the drop. “Projects intended to be started are being delayed, primarily in larger gateway cit上海贵族宝贝论坛

ies like Houston, Chicago and Los Angeles, Yardi s Doug Ressler said. However, overall the multifamily rental market remains a good bet for investors, especially considering that 70 million young people are expected to hit “prime renting age” by 2024. Investors can expect a solid seven-year growth in the market leading up to that, Yardi claims. [Bisnow]

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