[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  David Auerbach ⭕️ [@DailyREITBeat](/creator/twitter/DailyREITBeat) on x 3872 followers Created: 2025-07-14 13:13:40 UTC Residential REITs were among the laggards this week as investors digested a handful of reports showing modestly softer multifamily market trends over the past month. A report from (CoStar Group) showed that year-over-year asking rents rose just XXX% in Q2 - a modest slowdown from the XXX% increase in Q1. Quarter-over-quarter rents rose 0.6%, a slowdown from the prior quarter’s gain of 1.1%. Roughly 150k units were absorbed in Q2 - below the 176k new units supplied - but construction starts have continued to moderate over the past two years. The national vacancy rate held steady at XXX% for the third consecutive quarter. The Midwest again posted the nation's strongest rent growth by region, led by Chicago at 3.8%, followed by the Northeast, led by such cities as Boston at 1.5%. The national average on a monthly rent-per-unit basis ended the second quarter at $1,773, compared to $XXXXX at the end of the first quarter and $XXXXX at the end of the second quarter of 2024, according to the report. Last week, data from ApartmentList showed that the national median rent is down XXX% from last year, continuing to hover in a range between -X% and X% since mid-2023. A separate report from RealPage indicated more positive apartment market trends, however, showing that U.S. apartment occupancy rose to XXXX% in June, up XXX basis points year-over-year.  XX engagements  **Related Topics** [costar group](/topic/costar-group) [Post Link](https://x.com/DailyREITBeat/status/1944747123825574329)
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David Auerbach ⭕️ @DailyREITBeat on x 3872 followers
Created: 2025-07-14 13:13:40 UTC
Residential REITs were among the laggards this week as investors digested a handful of reports showing modestly softer multifamily market trends over the past month. A report from (CoStar Group) showed that year-over-year asking rents rose just XXX% in Q2 - a modest slowdown from the XXX% increase in Q1. Quarter-over-quarter rents rose 0.6%, a slowdown from the prior quarter’s gain of 1.1%. Roughly 150k units were absorbed in Q2 - below the 176k new units supplied - but construction starts have continued to moderate over the past two years. The national vacancy rate held steady at XXX% for the third consecutive quarter. The Midwest again posted the nation's strongest rent growth by region, led by Chicago at 3.8%, followed by the Northeast, led by such cities as Boston at 1.5%. The national average on a monthly rent-per-unit basis ended the second quarter at $1,773, compared to $XXXXX at the end of the first quarter and $XXXXX at the end of the second quarter of 2024, according to the report. Last week, data from ApartmentList showed that the national median rent is down XXX% from last year, continuing to hover in a range between -X% and X% since mid-2023. A separate report from RealPage indicated more positive apartment market trends, however, showing that U.S. apartment occupancy rose to XXXX% in June, up XXX basis points year-over-year.
XX engagements
Related Topics costar group