U.S. rent growth increased to 2.9% in the third quarter this year, up from last quarter’s 2.5%.
According to RealPage’s Q3 report, this is the result of unusually strong demand this quarter.
“Momentum in the apartment market’s performance during the third quarter slightly surpassed expectations,” RealPage Chief Economist Greg Willett said in the report.
Read more...RealPage: Multifamily performance remains strong in Q3, elevated supply worries remain via HousingWire
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