THE WALL STREET JOURNAL (January 2, 2018) – The multifamily housing market turned in a lackluster performance in 2017 as demand failed to keep pace with a deluge of new apartment supply, according to a new report to be released Wednesday.
U.S. apartment rents climbed 2.5% in 2017, according to RealPage Inc., a real estate technology and data firm. That was in line with historical averages but down significantly from the 5.2% posted in 2015, the most recent peak.
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