BiggerPockets Daily Renter Turnover Rates Fall—What it Means For Investors
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May 12, 2025 Renter turnover rates are dropping as tenants opt to stay in their homes longer, benefiting landlords with better cash flow and reduced vacancies. Multifamily properties are regaining popularity among investors, with stabilizing rents and increasing demand projected through 2025. The podcast also delves into today's housing market challenges, such as high monthly payments and buyer hesitation, emphasizing the need for strategic investment in multifamily properties. Understanding local market dynamics and pricing strategies is key for potential investors.
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Apartment Turnover Rates Drop
- Apartment turnover rates are down to 30% compared to the usual 50%, which is a major drop.
- Lower turnover benefits landlords with consistent income and reduced costs on vacancy and repairs.
Multifamily Market Turnaround
- Multifamily demand has outpaced supply for four straight quarters, with vacancy dropping below long-term average.
- This marks a crucial turning point promising rising investor interest and rent stabilization.
Record-High Housing Payments
- Median US monthly housing payments hit a record $2,868 due to rising prices and mortgage rates.
- High costs have reduced pending sales and made buyers extremely selective on home condition.