Apartment Loss to Lease is Plunging. Here's What That Means via GlobeSt

Last week, Federal Reserve Chair Jerome Powell dove into the debate over rent inflation and suggested that while new lease rent growth is slowing, “there’s still some significant (rent) increases coming” via cheaper lease renewals hiked up to market level.

But RealPage data show that’s NOT exactly true for market-rate apartments. U.S. apartments plunged back to the long-term average in “loss to lease” – which means the runway for renewal lease rents will significantly narrow going forward.

Read more...Apartment Loss to Lease is Plunging. Here's What That Means via GlobeSt