Rents Up 16 % in Houston, But More Hikes to Come – Everywhere via Realty News Report

The Trulia organization reported that Houston led the nation last year with a 16.2 average gain in apartment rents.

But Houston’s not alone. There are rent hikes more to come in 2013, for most markets in the nation, according to new projection released by The MORE Group.

The MORE Group is projecting overall nationwide apartment rental rate increases of 3 to 5 percent in the year ahead, although certain markets will see larger rent gains.

Rising rents, declining vacancies and an expansion of construction activity will prevail in most of the nation’s multifamily markets in 2013, according to The MORE Group, a real estate organization specializing in developing, rehabilitating and marketing apartment properties.

Read more...Rents Up 16 % in Houston, But More Hikes to Come – Everywhere | Realty News Report