Calculated Risk on apartment rent trends;
Just something to be aware of … rents could start falling again, but it does appear the slide has stopped for now – at least for the large apartment complexes.
Wall Street Journal on apartment leases and rents;
For the first time since the downturn, some of the nation’s largest apartment-building landlords are reporting that rent declines have stopped and some are even boasting modest increases. Green Street Advisors, a real-estate research firm, says demand might have struck bottom in the first quarter … From January through May, rents climbed 2.8% nationwide, according to Axiometrics, which tracks the national apartment market.