The 9-Year Rental Housing Boom’s Hitting The Skids

But just as these towers are being delivered and the apartments are being put on the market, rentership begins to edge down. Soaring supply of apartments meets declining demand for them.Rents in some of the formerly hottest rental markets are already showing signs of declines – and in some markets, sharp declines. One special case is Seattle, where the construction boom has been nothing but fantastic, and now vacancies are rising and rents are skidding, and they’re falling the most in the Amazon neighborhood, where new supply is piling up the fastest….