In the latest real estate news, there has been a surge in newly completed apartments, with 90,260 units finished in the fourth quarter. This marks the second highest number on record since 2012. However, recent data suggests a slowdown in apartment occupancy rates, indicating sluggish demand in the market.
Key points from the article include:
– 90,260 new apartments were completed in the fourth quarter
– This is the second highest number of completions since 2012
– Data shows that newly built apartments are filling at the slowest pace in 4 years
– The slowdown in occupancy rates suggests a decrease in demand for new apartments.
You can read this full article at: https://wrenews.com/redfin-newly-built-apartments-are-filling-at-slowest-pace-in-4-years/
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