Do you know what number 97 percent is?
I’ll give you some hints. It’s not some unbearable political promotion. It’s not a reference to obnoxious twenty year olds camped on my lawn; urinating on the bushes. It’s not even the Congressional disapproval rating (which I’m told is much higher…).
No. 97 percent is AEC’s occupancy rate at the close of the quarter.
Oh yeah, and those predictions of rental rates topping appear to be premature. Rates are still up just under 6%, year over year.
It would seem the renter nation is alive and well.