Vacancies Skyrocket As Renters Abandon The Market

  • Apartment vacancies are rising as renters flee following a pandemic-related housing boom, according to a report in the Wall Street Journal.
  • Apartment prices rose 25 percent over the past two years.
  • However, in the third quarter of 2022, demand for apartments hit the lowest level since 2009, as measured by one-year change in unit occupancy.
  • Also, demand for mortgages. fell 38 percent annually for the week ending Oct. 15 as 30-year fix-rate mortgages push 7 percent.

Click to read full article Go back home

Sign Up for Our Newsletter

Join our list!

Sign up here to get our daily newsletter with the top trending headlines.