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Supply Growth Pushes Multifamily Rents Down U.S. multifamily rent growth was slightly negative in October, as strong supply growth eroded rent gains in many fast-growing Sun Belt metros. Even so, demand for apartments remains robust, in line with the surprisingly strong economy and with homeownership increasingly out of reach as mortgage rates soar.
U.S. multifamily rent growth was slightly negative in October, as strong supply growth eroded rent gains in many fast-growing Sun Belt metros. Even so, demand for apartments remains robust, in line with the surprisingly strong economy and with homeownership increasingly out of reach as mortgage rates soar.
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