Apartment Demand Hits 30-Year Low As Renters Lose Confidence

  • RealPage reported that apartment demand in the third quarter dropped into the negative for the first time in 30 years, reflecting the fact that renters have lost confidence in the market.
  • The rental market booming early in 2022, but Q3 data shows a 1.0 percent increase in apartment vacancies despite a slight decrease in asking price.

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