As the year came to a close, rent growth in December mimicked the chilly winter weather. According to Yardi Matrix’s monthly rent survey of 124 markets, last month’s growth continued to cool as average U.S. rents decreased by $4. On a year-over-year basis, rents increased by 4 percent, resulting in a 30-basis-point drop from November, and a 270-basis-point decline from the recent spike of 6.7 percent, recorded in October.
Read more...Matrix Monthly: Summing up 2016
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.