Third quarter 2012 results are encouraging for property managers and residential rental property owners nationwide. This trend has been ongoing now for over a year, and it’s not a surprise in lieu of the many challenges and expenses that potential home buyers face, including the ability to qualify for a mortgage. The industry leader in Apartment market research, Axiometrics Inc., recently released survey information and data that confirms the positive rental market trends in all regions of the country.
“The quarter was very steady at the national level,” they recently reported, “with each month’s performance similar to the pace of a year ago. Revenue growth, which combines the effective rent and occupancy growth into one number, measured 1.05% from the beginning to the end of the quarter. This compares to 1.08% over the same period last year.” An interesting anomaly was the effective rent rate decrease from August to September. During that brief period the effective rents actually decreased -0.03%, perhaps too microscopic to be in any way significant.
Read more...Apartment Market Research Reveals Good News | PropertyManager.com
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