The Apartment Glut Is Ending and Demand Is Rising. Rents Are Headed Up, Too.

June 07, 2025 11:00 PM PDT | By EODHD

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The Apartment Glut Is Ending and Demand Is Rising. Rents Are Headed Up, Too. — Image source: Kalkine Media

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With house prices still high, mortgage rates stuck just under 7%, and plenty of economic uncertainty, consumers are once again seeing the virtues of renting. Rent growth slowed over the past several years as the largest surge of new multifamily buildings in decades began working its way onto the market. Multifamily construction completions peaked at a roughly five-decade high last August, and are down 28% since then, census data show. Continue Reading View Comments

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