Apartment Vacancies Hit 2 Year Highs

[Chris Seveney]

This morning an article in Bisnow (btw if you do not subscribe to this, I highly recommend you do for your area), noted  "The vacancy rate for U.S. apartments hit a two-year high of 6.4% in the first quarter, according to the Redfin report"

Like anything, this will fluctuate by MSA, but what people should gather from this article is, the areas that saw the biggest boom in rental increases, also typically have higher amounts of new product because the numbers pencil out, but eventually they also have the greatest swings in the opposite direction. 

Just something to remember and consider. 

U.S. Apartment Vacancy Hits 2-Year High As Rents Plunge In Sun Belt (bisnow.com)