A record number of apartments are getting built this year. That’s great news for real estate affordability.

2024 is the year of the apartment. The US will see construction on a record number of apartments completed this year. The tally will be 518,108 rental units, up 9% from last year and 30% from 2022, according to a recent report from RentCafe. Such an influx of supply will moderate rent-price increases …

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A record number of apartments are getting built this year. That’s great news for real estate affordability.

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