New apartment construction surges, a response to demand

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Mortgage Professional America (February 3, 2020) — With a surge of newly completed apartments to start the year, occupancy and rent growth are expected to cool down, according to a new report by real estate tech firm RealPage. This year alone, scheduled deliveries jump to almost 371 thousand new units. That’s up 50% from the 2019 total of 246,779 units.

Read more at: Mortgage Professional America

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