Nationally, annual effective rent growth slowed from 3.72% in December to 3.62% in January. The annual growth rate was 4.0% a year ago, but it has been very steady at close to 3.7% since June 2012. Nineteen of the top 88 MSAs had an annual growth rate greater than 5.0%, including Houston (7.0%), San Francisco (6.8%), Nashville (6.3%), and Denver (6.2%). Twelve of the MSAs had an annual growth rate less than 1.0%. More details on top and bottom performing MSAs can be found at the end of this newsletter.
Read more...Apartment Market Trends, January, 2013
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