The multifamily market continues to perform positively as we head into the third quarter of 2019. Much like what was predicted back in January, the sector’s rent growth percentages keep increasing. At mid-year, growth has stabilized at more than 3 percent and according to Yardi Matrix’s Summer 2019 U.S. Multifamily Outlook, rents are expected to increase 2.6 percent for the full year. This would be the seventh year in a row that surpasses the 2.5 percent long-term average.
Read more...National Multifamily Report – Summer 2019 via Multi-Housing News Online