Huntsville Apartment Oversupply | Are there too many apartments in Huntsville? New report looks at the boom

Are there too many apartments in Huntsville? New report looks at the boom Huntsville’s apartment boom has led to an oversupply of units in the fast-growing metro area, according to a recent report. We got ahead of ourselves. ...“Huntsville is currently overbuilt with apartments, and until that excess supply is absorbed, we’re going to see a slowdown in new multifamily construction,” Realtor Matt Curtis added. “ We’re seeing the effects of oversupply — one to two months of free rent incentives, declining rents, and higher vacancy rates. That’s not a climate where developers are eager to build. ...“Occupancies are down, values are down, expenses are up,” Wilson said ” Reference: www.al.com
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Huntsville’s rising population could cause increased rental prices for longtime residents

Huntsville’s rising population could cause increased rental prices for longtime residents

The tide is turning for buyers in the Huntsville housing market. Now, Huntsville renters may face rate increases as people continue to move to the number one city to live in America. ...home sales are still strong, but slowing. Inflation and high-interest rates are partially to blame and both are keeping many potential home buyers in rentals. ...affordability is exacerbated by the number of new luxury apartments being built in the Rocket City. “Huntsville, while it is still affordable on a national scale

Reference: www.waff.com

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