An analysis by Adam Artunian of John Burns Real Estate Consulting shows that secondary apartment markets and “surban” locations (desirable suburban locations with urban amenities) are outperforming primary markets such as larger coastal cities, and remain more affordable. Artunian says markets in the Southwest and Southeast, and B-Class California markets such as Riverside/San Bernardino, will outperform over the next several years. Meanwhile, rents will drop in Houston, New York City, and San Francisco.
Advertisement
Related Stories
Economics
Shelter Costs Drive Inflation Higher Than Expected in January
January Consumer Price Index data show inflation increased more than anticipated as shelter costs continue to rise despite Federal Reserve policy tightening
Economics
Weighing the Effects of the Fed's and Treasury's Latest Announcements
The upshot of the Jan. 31 announcements is that while mortgage rates will stay higher for longer, they're likely to hold steady
Economics
NAHB CEO Tobin Says 'Housing Renaissance' on the Horizon
Responding to positive housing-related data such as falling mortgage rates and increased homebuyer activity, NAHB's CEO Jim Tobin is optimistic