WS1147: Weekly Investor Update: December 5 to 11, 2021

Apartment Rent and Occupancy Hit Record Highs Apartment rent occupancy soared to a new record-high value as it reached 97.5%. Asking rents for new move-in leases reached 13.9%. Even during the later part of the year, renewal lease rent growth has been rising at 8%. Analysts attribute the rise in demand to appreciating prices in the for-sale market, new buyers being pushed out by all-cash investors, and more people choosing to live with roommates. MARKET INDICATORS SNAPSHOT WEEKLY Mortgage Ra...