A 'landlord's Market' Expected For 2015, 2016: NAR

The vacancy rate for apartment rentals is expected to head higher in a year, but conditions in the U.S. will still be considered a "landlord's market," according to data released Monday. This quarter's 4% vacancy rate for apartment rentals is likely to rise to 4.3% by the end of 2015, the National Association of Realtors reported. When rates are below 5%, landlords can typically raise rent. Rent growth is expected to hit about 3.9% in 2015 and 3.5% in 2016, compared with 4% this year, according to NAR's forecast.