RealPage Economy Express Episode 22
https://www.realpage.com/analytics/economy-express-episode-22/
In the latest episode of Economy Express, consumer confidence ticks down, but employment continues to show resilience.
In the latest episode of Economy Express, consumer confidence ticks down, but employment continues to show resilience.
Apartment inventory growth in some Carolinas markets has climbed well ahead of national averages.
Birmingham-Hoover, which has a population of over 1.1 million residents, received a record 1,510 new units in the year-ending 1st quarter.
Florida apartment markets continued to log sizable demand in 4th quarter, though the performance is not expected to last long.
Apartment rent-to-income ratios declined in 2023 as incomes grew faster than rents.
RealPage is forecasting national effective asking rent growth of approximately 2.3% for 2025.
In the past five years, the Sioux Falls job base has grown faster than any other Midwest market.
Savannah was the only U.S. apartment market with big inventory growth to hold onto rent increases in the past year.
The small Midwest market of Lawrence, KS claimed one of the top apartment occupancy rates in the nation as of March.
In the latest episode of Economy Express, signs of stabilization continue, even while consumers remain cautious.