Lower vacancy rates and new developments have apartments gaining ground in the Triad.
Travis Fain, Triad Business Journal
Apartment vacancy rates have dipped below 10 percent in the Triad for the first time since fall 2007, rental prices have increased slightly and new construction is gearing up, according to a recent report from Real Data Apartment Market Research…
Some of that new demand comes from people deciding to rent instead of own, likely because of a continuing loss of faith in old real estate assumptions.
Namely, it’s painfully clear that home values don’t always go up.