Apartment Rent Growth Expected To Decelerate In Top Markets Ahead of New Supply Wave.
We are starting to see similar pressure in the single family rental market. The demand has slowed for Single Family, TH and Condos in 2013 as evidenced in our latest report with 41 average days on market in January 2013 compared to January 2012 of 35 days on market. We see the opposite in the re-sale market which appears for now to be red hot.
The article on Costar's website is geared towards multi-family which does reference the Washington DC market cooling and points out that allot of new supply has come on to the market in the past 4 years.
About The Author
Eric Guggenheimer - SFR, ARM ® » Principal Broker, Certified Property Manager, IREM, ARM, NARPM, NVAR, NAR, VAR
