High Supply Markets Cut Rents Most Often in 2023
https://www.realpage.com/analytics/inventory-growth-rent-growth-2023/
Markets that delivered the highest ratio of new apartment inventory in 2023 also tended to cut rents at the deepest clip.
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Youngstown Logs Nation’s Deepest Net Move-Outs
https://www.realpage.com/analytics/sms-youngstown-3q24/
The small Youngstown apartment market logged the nation’s worst net move-outs in the year-ending 3rd quarter.
Albuquerque Rent Growth Doubles National Norm
https://www.realpage.com/analytics/albuquerque-rent-growth-doubles-national-rate/
Average effective asking rents in the New Mexico market were up 7.2% year-over-year as of April, which was more than double the 3.2% increase in the U.S. overall.
Net Move-Outs Permeate Nearly Every Submarket in San Diego
https://www.realpage.com/analytics/san-diego-4q23-demand/
San Diego logged net move-outs for 987 units in the October to December time frame, marking the worst demand reading nationwide, according to RealPage.
Some Perspective on the 50-Year Peak in Apartment Supply Volumes
https://www.realpage.com/analytics/apartment-supply-peak-2024/
To really appreciate the recent apartment supply peak, let’s look back at what the world was like last time deliveries were this high.
Ranking Apartment Rent-to-Income Ratios Across California
https://www.realpage.com/analytics/california-rent-to-incomes-ranked-2024/
Layering effective apartment rents alongside incomes reported on new leases gives a clearer picture of which California markets have the priciest apartments.
RealPage Economy Express Episode 38
https://www.realpage.com/analytics/economy-express-episode-38/
In the latest episode of Economy Express, job growth is strong, the GDP is solid, and inflation is near the Fed’s target.
San Jose Apartment Supply Picks Up Ahead of San Francisco and Oakland
https://www.realpage.com/analytics/oakland-inventory-growth-2024/
In the past year, Oakland’s apartment market saw inventory growth fade, matching those of neighboring San Francisco.
Apartment Inventory Growth to Top 8% in Charleston
https://www.realpage.com/analytics/charleston-supply-crests-1q25/
The Charleston apartment market is approaching a peak in its record apartment supply wave with over 6,000 units expected in the year-ending 1st quarter 2025.
Orlando is Nation’s Fastest-Growing Large Metropolitan Area
https://www.realpage.com/analytics/orlando-population-growth/
The Orlando MSA added roughly 76,000 new residents between July 1, 2023 and July 1, 2024, becoming the 20th most populous MSA in the country, per the latest from the Census.