Renters Face More Cost Increases | Realtor Magazine
REIS projects that 230,000 units will be completed this year — that’s nearly double above normal levels. In the second quarter, the apartment vacancy rate was just 4.2 percent.
As new supplies hit the market, “we’ll probably see rent growth begin to decelerate,” says Stephanie McCleskey, vice president of research for Axiometrics.
Source: “Rents Continue Their Steep Climb,” The Wall Street Journal (July 1, 2015)