Rents
A working group established by the Portland (Maine) City Council, after more than a year of study, recommended advancing a social housing plan aimed at addressing affordability through public ownership and mixed-income rental housing.
The latest Yardi Matrix report shows that the average national multifamily rent rose 0.2% month-over-month to $1,771 in July, also up 0.2% year-over-year. Sun Belt markets performed strongly, but supply pressures persist, and the industry outlook remains cautiously optimistic.
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