Buyers are chasing flats as leasing prices soar greater and faster than ever. Demand is extreme as a Outcome of house-buy prices have climbed out of attain For A lot Of usa residents amid a scarcity of inventory. Multifamily provides are rising quickest in sunny, comparatively pretty priced places Similar to Dallas, Atlanta and Phoenix, the place People are shifting for jobs.
“There’s A lot extra capital invested right now than ever earlier than,” said Jay Parsons, deputy chief economist for RealPage. “Apartments have been traditionally undervalued—And notably Photo voltaic Belt flats.”
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