Builders are adding more supply than at any point in the past 5 decades, with another million units on the way in the coming few years, according to a new report from RealPage
A slowdown in new leases paired with higher inventory is expected to hike vacancies and put pressure on rents. ‘The balance of power in the rental market is rapidly shifting to renters’
RealPage reports the third quarter saw the biggest slowdown in leasing traffic in 30 years of tracking. Paired with a slowdown in rent, it’s the latest sign of turbulence in the housing market