Apartment Rent Payments Trend Up in Mid-April

Continuing the progress seen during the first few days of April, there’s a bump in the share of households meeting their rent obligations as of mid-month.

The share of households paying April rent through the 13th is up by 0.9 percentage points from the year-earlier level, according to realpage statistics from multifamily community owners and operators using the company’s property management software.

Influencing the rise in collections, accelerating job growth is boosting the number of workers earning paychecks. Also, stimulus payments that were authorized under the American Rescue Plan are improving the financial situations of struggling households….Read more.