The small coastal town of Wilmington outpaced the national norm for annual effective asking rent growth in November 2022. According to data from RealPage Market Analytics, operator...
In 2Q25, Sun Belt markets saw strong absorption, nearly 4 units leased for every new start, underscoring persistent demand amid cooling construction.
Metro-level employment gains are leveling out based on December data from the Bureau of Labor Statistics.
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.
Over the past three years, apartment demand across the Sun Belt markets has been significant, coming out ahead of other regions.
Only a handful of apartment markets logged positive apartment demand in the year-ending 1st quarter 2023, led by the performance in Newark.
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%.
Despite rising interest rates and other challenges, the U.S. GDP performed better than expected in 1st quarter.
While job growth across the U.S. has been strong since the pandemic decline, some markets have seen sizable employment increases.