by Calculated Threat on 5/02/2024 08:48:00 AM
Immediately, within the Calculated Threat Actual Property Publication: Lawler: Replace on Mortgage Charges and Spreads and in addition New / Renewal Rents
A quick excerpt:
As I’ve written about earlier than, that “new” vs. “renewal” hire progress hole has been noticed by publicly-traded firms which might be within the residential rental enterprise.
On that rating, listed here are some knowledge from Invitation Properties quarterly earnings complement on hire progress traits.
Be aware that whereas hire will increase on new leases have been extraordinarily low over the past two quarter, rents on renewals, whereas down from 2022, have been nonetheless rising at a comparatively speedy tempo.