Higher Interest Rates Mean More Renters for Apartment Sector

The steady rise of home mortgage rates is a good-news/bad-news situation, according to CoStar research.

While any bump in interest rates makes it harder for would-be homeowners to buy, that’s good for the multifamily sector.

A report from CoStar posits that for every rise in home mortgage interest rates, thousands of renters will have to delay buying – thereby increasing the pool of renters and bolstering multifamily fundamentals. CoStar’s data…

Article From: "Key Realty Commercial Real Estate News"   Read full article