When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
EQR - Equity Residential Should Be A Core Holding In Your REIT Portfolio
Equity Residential of Beneficial Interest
Higher mortgage rates and continuously rising home prices are impacting the U.S. housing market, and an increasing number of people prefer to rent an apartment instead of buying a home. According to the U.S. Census, apartment absorption is now at the highest level in three years.
Budgetary constraints are not the only reasons that are driving the demand for rental apartments. Demographic groups like career-oriented millennials and aging baby boomers are choosing to live in rental apartments in urban centers because it offers a more flexible lifestyle than homeownership.