Apartment rent growth slows as demand remains strong

Rent growth is slowing in cities such as New York and Nashville, Tenn., and rents are falling in Houston, according to RealPage. The outlook remains positive, however, as demand is strong and current supply cannot support the 1.2 million new households formed each year without increased single-family construction, says John Affleck, research strategist with the CoStar Group.

Comments

Post a Comment

Popular posts from this blog

Shooting at Eagle Landing Apartments

 One man was shot in the head and another received a gunshot wound to the hand during a shooting incident Wednesday night at Eagle Landing Apartments . Police have a man they said was responsible for the shootings in custody.      Ted William Bailey Jr ., 21, Eagle Landing Apartments , was first rushed to East Georgia Regional Medical Center , then flown by helicopter to Memorial Health University Medical Center in Savannah for treatment of a gunshot wound to the head, said Statesboro Police Capt . L. C. Williams.     Bailey and another victim, Edward Matthews, 21, also of Eagle Landing Apartments , were shot during an altercation that took place at an Eagle Landing Apartments residence around 10:05 p.m. Wednesday, he said.     Apparently a third roommate was responsible for the shootings, Williams said. A few hours after the shooting incidents ,  around 12:50 a.m. Thursday, Arquelio Gillespie Jr . "turned himself in," he said.      Statesboro Police Officer Jeff Williams ...
Read more

RADCO Cos. Purchases Mesa Ridge Apartment Complex in San Antonio

Image
The property, which is being renamed City Crest , consists of 200 Class B units. SAN ANTONIO — The RADCO Cos. has acquired Mesa Ridge apartments in San Antonio. The property, which is being renamed City Crest , consists of 200 Class B units. RADCO Residential will manage the property, and the Atlanta- based multifamily investors plans to spend up to $2.9 million on capital improvements to the community. RADCO financed the acquisition using private capital through Prudential Financial. City Crest was built in 1984 and is located in the medical center submarket of northwest San Antonio . The property consists of two- and three-story buildings across 7.9 acres. The average unit size is 736 square feet, and the property offers a combination of one- and two-bedroom units. Tagged more_sales_and_leases
Read more

Saddle Ridge Apartments Rentals - Oro Valley, AZ

TIP 1: Keep your rent within a third of your gross household income . Ideal income for this property is at least $21,600 ANNUALLY Win over prospective landlords with your smart budgeting. As a good rule of thumb, your combined household income should be at least three times your monthly rent. TIP 2: Know the factors that may impact your credit scores. Your credit score matters to prospective landlords, so take the time to learn more about yours. 35% How Well You Make Payments 30% How Much You Owe 15% How Long You've Had Credit 10% Requests for New Credit 10% Types of Credit You Have Have a property like this one to rent out? Find the right tenant by listing it on Trulia. It's free! Create a Listing Now
Read more