Multifamily housing analysts remain upbeat about growth prospects for the U.S. apartment market, despite signs that demand will moderate in coming months amid a rapid rise in inventory.
For now, demand for apartments is still strong four years into the sector's recovery, especially in large urban markets such as New York, Southern California and the San Francisco Bay Area.
The industry continues to benefit from an improving economy and job market, as well as newly completed Class A properties with higher-than-average rents.
Read more...Brisk Building Pace May Dent Apartment Market Momentum - Yahoo Finance
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