From June 2017 to July 2017, average U.S. monthly rents rose by $1, to $1,350, according to Yardi Matrix’s Matrix Monthly survey of 121 markets. At the same time, year-over-year (YOY) growth rates fell, to 2.6%, down 10 basis points (bps) from June 2017. Actual rents are up by 2.7% this year to date and have risen every month this year.
Despite virtually flat sequential rent growth and slowdowns still to be expected, the multifamily market remains healthy overall.
Read more...Yardi: YOY Rent Growth Slips in July, but Rents Have Risen Every Month of 2017 | Multifamily Executive Magazine
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