As the rental market continues to grow stronger, the quality of rental applicants also showed improvement from last year, according to report from CoreLogic.
The data provider’s multifamily applicant risk (MAR) index report stood at 106 in Q3 2012, an improvement of two points from last year, but a decrease of 3 points from Q2 2012.
The increase in the MAR index from last year indicates a modest increase in “national renter credit quality and applicant pool quality,” the report explained. A score above 100 indicates an applicant pool with reduced average risk of default. The data is based on nearly 6 million apartment home across the U.S.
Read more...Credit Risk of Multifamily Renters Decreases Yearly in Q3 via DSnews.com
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