Apartment Rents Increase as Young Workers Head Back to Cities via WSJ

Apartment rents are rising fast, boosted by young professionals returning to cities and an expensive housing market that keeps many of them renting.

Stock prices of publicly traded apartment companies have jumped in stride. The FTSE Nareit Equity Apartments index, which tracks these landlords, is up 42% since January, trouncing the S&P 500’s 17% gain during the same period.

Read more...Apartment Rents Increase as Young Workers Head Back to Cities via WSJ