Apartment rent and occupancy hit record highs, even as market enters its traditionally slow season via CNBC

Apartment rent growth and occupancy set new records in November, yet another sign that the nation’s housing market isn’t following seasonal patterns this year. Rent growth and occupancy usually cool heading into winter.

Apartment occupancy hit a new high of 97.5% in November, according to RealPage, a real estate technology platform. The rate is up roughly 250 basis points from the long-term norm of about 95% going back over the past three decades.

Read more... Apartment rent and occupancy hit record highs, even as market enters its traditionally slow season via CNBC