With demand for apartments being met by a multifamily building boom in many U.S. cities, soaring apartment rents are expected to reach a turning point in 2013, with certain markets cooling down and others remaining red hot.

Apartment sector has enjoyed the strongest rebound

Earning rave reviews from residents, Sunrise Management is a 2012 national resident satisfaction award winner from SatisFacts Research, which works with nearly 200 management companies and over a million apartment homes nationally to help clients reduce turnover, grow NOI and boost online reputations. 

Sunrise Management

Successful multigenerational apartment communities weave together common threads such as location, quality craftsmanship and premier amenities that attract all ages - simultaneously incorporating varying needs of the potential renter base. 

Sunrise Management is continuing its regional expansion, adding longtime multifamily industry professional Beth Smith, CPM, as a new regional property manager in its growing Sacramento office. In her new role, Smith will concentrate on overseeing and improving the firm's Northern California performance.  

Phoenix

The Phoenix area is experiencing white hot growth, with newly released population data showing that its population surpassed 4.3 million last year, making it the 13th largest metropolitan area in the U.S. 

Southern California

Housing prices in Southern California reached the highest level in five years in April. According to DataQuick, the median price for homes surged to $345,500, up more than 20 percent from last year at the same time. The median price jumped eight percent in one month alone.

In the meantime, despite record low interest rates, Southern California is an increasing tough market to break into for first time buyers.  

Read why just 48% of home buyers could afford to purchase a single-family, median-priced home at the end of the fourth quarter of 2012