Apartment demand fell in the third quarter for the first time in 30 years of tracking and a time when demand for new leases is typically high before slowing in the final three months of the year, according to a new report.
RealPage, a tech platform for real estate owners and property managers, found that 82,095 more units were vacated than filled between July and October.
That was the first time in three decades of tracking that demand fell during the third quarter, and it was only the latest sign of turbulence in the rental housing industry
By Taylor Anderson, Inman
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