Multifamily markets in the Northeast tend to be the most overpriced while the Sun Belt and West lead in terms of underpriced apartments, according to a new report.Researchers at Florida Atlantic’s Real Estate Initiative, along with colleagues at Florida Gulf Coast University and the University of Alabama, statistically modeled historical rents among the 100 largest U.S. metropolitan areas to identify trends used to make predictions about prices as of April 2024. Areas where actual rents are above those predictions were said to have a premium, or to be overpriced relative to expectations. Areas where actual prices were below expectations were said to be underpriced, or running at a discount.
Source: News | Northeast Found to Hold Highest Apartment Rent Premiums as Sun Belt Offers Discounts
