BY BRAD BECKETT ON AUGUST 16, 2022
According to the latest Yardi Matrix Multifamily Report, the average U.S. multifamily rents in July increased $10 to another all-time high of $1,717 (up 12.6% year-over-year). Click here to read more.
However, while Yardi says performance remains strong, economic growth is slowing, and consumer confidence is waning. Indeed…
“The moderating rent growth may be a product of an inevitable return to the mean, coincidental to the suddenly slowing economy, or some combination of the two.”