Demand for Apartments in the Sun Belt Remains Red Hot
The pandemic accelerated the trend of people migrating south. While warmer weather and overall affordability are big draws, less restrictive governments are another emerging catalyst of the Sun Belt migration trend. All this means people continue to move south even as housing prices heat up.
This means rental rates on apartments are surging as occupancy levels remain high. Rents aren't showing any signs of cooling off in 2022. That's clear from the outlook of some of the leading apartment-focused real estate investment trusts (REITs) in the Sun Belt region.
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Source Fool.com