Could Homeownership Derail the Rental Market In Secondary Cities? via GlobeSt

During the pandemic, people fled the urban core for secondary metros across the country. The great relocation, as some have called it, wasn’t necessarily a new trend; people had been slowly leaving big cities in favor of affordability in smaller cities, and last year, the trend exploded. In response, apartment markets in these cities are seeing high double digit rent growth, record low vacancy rates and new construction activity—but if these new folks in town are headed for homeownership, does the apartment boom already have a ticking clock?

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