Amidst demographic shifts and lingering pandemic-impacts on the population and broader economy, the U.S. faces a pressing need to build 4.3 million new apartments by 2035, according to a new study commissioned by the National Apartment Association (NAA) and the National Multifamily Housing Council (NMHC).
Rents are hitting new highs, but renting is still mostly more affordable than owning a home in most big cities, according to a new report.
Brokered by Randolph Taylor CCIM, Multifamily Investment Sales Broker with the Chicago-Naperville eXp Commercial office.
Randolph can be contacted at:
[email protected]
(630) 474-6441
Growth in the housing market has slowed, but prices have not fallen. This is due in large part to a limited supply of single-family homes.
With rates lately rising, the real estate market is slowing, most notably for residential properties.
In 2021, home prices skyrocketed by nearly 19%, according to the S&P CoreLogic Case-Shiller home price index. And pros say we’re in for another year of price growth — but as for how much, pros diverge.