Apartment rents have grown faster on an annual basis than wages, says Axiometrics. Have wages grown enough to cover rent increases? A look at the numbers suggests that they have.
“The continued strength in the apartment market can be partially attributed to the increase in wages during the past several years,” according to an Axiometrics report. “Though wages have been slow to rise during the recovery, they have increased enough in recent years to allow more people to rent more expensive apartments.”
Read more...Does Wage Growth Cover MF Rent Growth? - Daily News Article - GlobeSt.com
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