Apartment Rents Rose Last Month at Fastest Pace Seen in a Decade via GlobeSt

US apartment rent growth is back in a big way, now that the country’s reopening local economies are fueling household creation and stimulating robust demand for all types of housing.

Effective asking rents for US apartments climbed 1.3% in April, rising at the fastest pace seen during a single month for the past decade or so and likely at the fastest pace ever. (RealPage’s long-term performance history for rents measured change by quarter, rather than by individual month.)

Read more...Apartment Rents Rose Last Month at Fastest Pace Seen in a Decade via GlobeSt