Earlier this week, MPF Research released their preliminary numbers for the U.S. apartment market in the second quarter of 2012. While they are reporting some slowing in rent growth for the quarter, overall the numbers are good.
MPF reports that effective rents for new leases in U.S. apartments climbed 1.2 percent during the second quarter and 4 percent between mid-2011 and mid-2012. Additionally, the annual rent growth pace has slowed modestly during the past few months, after the rate of increase reached 4.8 percent at the end of last year.
Read more...Top Ten Apartment Market Rent Growth Leaders for Second Quarter | Property Management Insider