Recent News

For the last four years the skies of major U.S. metropolitan housing markets have been littered with cranes.

As the homeownership rate fell following the recession, the towers rose — the vast majority boasting luxury rentals, complemented by high-end amenities like rooftop dog parks, fitness centers, private movie theaters and party rooms.

Now all that construction has largely come on line, and sky-high rent growth is officially shrinking.  Read more...