Apartment construction may be curtailed amid market cooling | News

Apparent indicators of weak spot within the rental housing market in Bakersfield have raised doubts in regards to the extent to which personal builders will proceed to put money into new residences.

A 2022 annual report launched final week by ASU Business outlined how larger rates of interest final yr preceded cooling throughout a spread of native measures, from emptiness charges and rental development to gross sales volumes and costs.

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