Multifamily Trends, MBS, and Servicing Primer; Originator Survey

Posted To: Pipeline Press

Zillow is predicting that the rental market will cool down this year. Median U.S. rents grew at a 3.3 percent annual pace in December, to $1,381 per month. This pace is expected to drop to 1.1 percent by December 2016, with median rents rising to $1,396 per month. New apartments being built in markets like Seattle and Washington D.C. is evidence of builders trying to keep up with the demand. As more apartments become available, rent prices should begin to decline, and it's expected that rent may drop this year in some markets like Indianapolis, Oklahoma City and Las Vegas. Although, rental decline is not expected to drop on the West Coast, as rent in L.A. is expected to rise 2.8 percent this year and 5.9 percent in San Francisco. Overall, rents on a national level will not rise as quickly as...(read more)

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