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Demand for apartments reaches 5-year high across US

Across the nation demand for apartments is now at a five-year high, a consequence of slow home sales and economic uncertainty. The number of move-ins during the second quarter shot up 11 percent compared to last year, according to the Wall Street Journal, citing data from RealPage. That surge caused the national occupancy rate to hit 95.8 percent, according to the report. In Chicago and Houston, demand grew particularly strongly, as move-ins outpaced new construction […]

The Real Deal New York

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