As the first quarter of 2017 is on its way out, average U.S. rent growth stayed stagnant during the month of February, according to Yardi Matrix’s monthly report of 124 markets. Remaining at an average of $1,306, it seems that the long-anticipated deceleration of rent growth has begun to take its course. On a year-over-year basis, rents increased 2.8 percent nationwide, a 40 basis-point drop from January’s figures.
Read more...Matrix Monthly: February Rent Growth Scores Love-Love
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