The apartment rental market stabilized in 2023, amid a surge of new supply that curbed price hikes, offering relief to tenants. Affordability remains a concern among renters who hit their financial thresholds after enduring years of increases by landlords. Investor interest in buying apartments has waned due to oversupply and projected price drops.
Apartment Rents Stabilize in 2023
Published on January 5, 2024
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