By Diana Olick | CNBC
Apartments are still filling up, but the red hot rental market is starting to cool, if just slightly.
After apartment vacancies rose for the first time in five years during the summer, the second half of the year saw little change as vacancies remained flat in the fourth quarter, though still near historical lows.
“It’s really starting to transition, and not so much because of demand,” said Ryan Severino, a senior economist at Reis, a commercial real estate analytics firm.
The question is whether new construction, and a possible oversupply of apartments, will pinch what has been a robust national rental market.
