After trending downward for three weeks straight, the U.S. mortgage interest rate was up again in the last week of June.
Only a handful of apartment markets logged big demand volumes above 8,000 units in calendar 2023, according to RealPage.
Two-thirds of RealPage’s top 150 markets had fewer jobs gained in the past 12 months than they did for the previous 12-month period.
Metro-level employment gains are leveling out based on December data from the Bureau of Labor Statistics.
Cap rates for apartments remain historically low and are the lowest among major property types. Based on data from Real Capital Analytics, cap rates among RealPage Market Analytics...
Among the nation’s 50 largest markets, Baltimore claimed the lowest unemployment rate in July at 1.7%, while Las Vegas recorded the highest rate at 6.1%.
Only a handful of apartment markets logged positive apartment demand in the year-ending 1st quarter 2023, led by the performance in Newark.
Over the past three years, apartment demand across the Sun Belt markets has been significant, coming out ahead of other regions.
While job growth across the U.S. has been strong since the pandemic decline, some markets have seen sizable employment increases.
In 2026, 11 apartment markets are forecasted to see rent growth of more than 3%.