Wednesday, August 21, 2013

U.S. Apartment Rents Rise, But at Slower Pace - WSJ.com


Apartment landlords are continuing to raise rents, but there are signs that the pace is slowing.

Nationwide, landlords increased rents an average of 0.7% to $1,062 in the second quarter, according to a report to be released Tuesday by Reis Inc., REIS +0.06% a real-estate research firm. While that is a hair above the 0.6% increase notched in the first quarter, it is well below the 1.3% rise achieved a year earlier.

"The weak labor market and income growth continue to hold rent growth in check," Reis wrote in its report.

Read more...U.S. Apartment Rents Rise, But at Slower Pace - WSJ.com

Reuters: Financial Services and Real Estate

Voice of Housing

NuWire Investor: RealEstateInvestment

REC News Center

Archive

Recent Comments