This week’s multifamily roundup explores the most popular rental markets, moving rates for young adult renters and central Florida’s population boom. First, HotPads ranks the top 50 cities where renters are looking to move and current residents want to stay put, with many of the highest-ranked metros offering strong job markets and affordable options. Next, RealPage notes that apartment properties with one to three stories are experiencing the fastest rent growth in the nation. Arbor’s Chatter blog takes a look at the growing trend of young adult renters moving less frequently than their parents and grandparents. Then, Zillow reports that the homeownership rate dropped in the first quarter of 2019, including in the under 35 age group which has fueled homeownership rate gains in the last few years. Finally, Curbed examines the markets posting the fastest population growth rates, including Tampa and Orlando.

These are the Most Sought-After Rental Markets

HotPads – April 24

“Chicago and Los Angeles are the most popular markets right now, followed by Atlanta and Seattle.”

Garden Apartments Lead Rent Growth

Real Page – April 22

“Pricing is up 3.7% on an annual basis in properties of one to three stories, with the performance strengthening a little compared to the growth rate recorded in early 2018.”

Staying Put: Young Adult Renters are Moving at Declining Rates

Arbor Chatter – April 24

“While higher shares of young adults move into apartment buildings annually, moving rates for this age group are in decline, keeping with the broader national trend.”

Q1 2019 U.S. Homeownership Rate: Anemic Growth Among Younger Buyers

Zillow – April 25

“The homeownership rate among those under the age of 35 dropped 1.1 percentage points during the first quarter to 35.4%, reversing most of the gains of the past year and putting homeownership rate for this group more or less flat from a year ago.”

Central Florida’s Boom Shows True Picture of U.S. Real Estate Trends

Curbed – April 23

“Last year’s data show that the domestic migration is not driven by retirees. The metro’s population is younger, on average, than many other parts of Florida.”