Yardi Says Economic Recovery Likely Further Out

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According to the latest Yardi Matrix Multifamily Report, the average U.S. rent in June was $1,457, down $2 from May.  In addition, they point out that rents decreased 0.4% year-over-year (the first time since December 2010) with average U.S. rents declining by 0.8% in the first half of 2020 and 0.4% in Q2. Indeed

“A few months ago, many were hopeful that economic expansion would return by July, but with a rise in cases in many southern states, the economic recovery will likely be pushed out further than many initially hoped.”

Click here to read the full report at YardiMatrix.com.

 

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Director of Education & Outreach, National Real Estate Investors Association

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