Industry News

Apartment Rents Grow Faster than Incomes

Across most markets, renters are paying a higher percentage of their incomes in rent. Most of the renters who live in “market-rate” apartments, in which the rents are not restricted by affordability programs, have enough income to pay for current rent increases.

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Apartment Markets Survive New Construction, So Far

So far, the news is good from many apartment markets where developers have built large numbers of new apartments relative to market’s inventory of existing apartments.

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