A new report from Freddie Mac predicts rising rents and rising vacancy rates in the national multifamily market. The report also compares submarkets.
The Freddie Mac Multifamily Research Group released its 2017 Multifamily Outlook [pdf] on demand, vacancies and rent growth nationally and in the nation's top metro markets," according to an article on MultifamilyBiz.com.
"At the national level, oversupply risks are expected to be kept in check by steady absorption rates, a modest drop in multifamily starts, stable employment growth, new household formations and changing lifestyle preferences that favor rental housing," adds the post.
For a different angle on the findings of the new report from Freddie Mac, the Associated Press drills down on the metropolitan areas considered top multi-family markets, as measured by income growth combined with low apartment vacancy rates. Tacoma, Washington is a perhaps surprising third on the list, following only Sacramento and Seattle.
Read the full story: Freddie Mac Releases Outlook Report on Multifamily Housing Demand and Oversupply Risks
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