Steady Improvement at the Halfway Mark of 2024
Multifamily performance trends stabilized last year after volatility from 2020 to 2022, and 2024 has largely followed expected trajectories.
Multifamily performance trends stabilized last year after volatility from 2020 to 2022, and 2024 has largely followed expected trajectories.
Rent growth in a majority of markets has been positive in recent months. These markets have led the improvement from a year ago.
National monthly effective rent growth for new leases has been negative. Rent growth finally returned to the positive in February.
With spring rapidly approaching, now makes for an opportune time to evaluate how the winter period has played out.