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 real estate agents talk about the state of the housing, apartment market

Huntsville real estate agents talk about the state of the housing, apartment market

the demand for housing in the Rocket City is not cooling off and that it is freezing some people out. ...Apartments are frankly one of the best ways to accommodate growth,” orrection ...When people can’t find a home to buy, they typically will go to rentals... I don’t know if there’s going to be a decrease in those rents.” ...

Reference: www.waff.com

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