Apartment Rental Market: Houston Rents Plunge Most; Southern California Lose Grip. New York, Washington DC, Chicago Down. “Mid-Tier” Cities Red-Hot

Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Where Apartment Rents Fell & Where They Surged: March Update In San Francisco, the most expensive major rental market in the US, the median asking rent in March for one-bedroom apartments jumped 8.8% from last year …

READ MORE

Big Apartment REITs Aren’t Yielding Enough

by John Coumarianos  The six largest publicly traded apartment REITs are now paying dividend yields of less than 3.5%. The two largest — AvalonBay Communities and Equity Residential — are paying around 3.2%. Essex Property Trust, whose apartment buildings are all in …

READ MORE