Inflation and recession fears pushed renters away from higher-priced, amenity-rich developments as rent growth at the highest tiers slowed to 1.5 percent annually, according to a new CoStar analysis. Continue reading
Interest rates are to blame as investors who scooped up multifamily buildings throughout the early years of COVID-19 pull back, according to a new report. Continue reading
Warehousing? Inflated algorithms? Shady developers? They’re all part of a new report on what’s driving up rental prices in New York City. However, social media users aren’t buying the theory. Continue reading
While the 4.8 percent growth was still above historical norms, it’s the smallest increase since June 2021. Median asking rent in the nation’s 50 largest markets climbed to $1,979 last month. Continue reading
Rent dropped for a fourth straight month in November, with all but six of the nation’s top 40 markets reporting flat or declining month-over-month rent. Continue reading
Median monthly rent in the largest metropolitan areas of the United States dropped for a second-straight month in September to $1,759, according to a report released Thursday by Realtor.com. Continue reading
One economist notes rental demand looks weak through the rest of the year as price growth tapers toward a historically normal pattern. Continue reading
Redfin said it expects rental growth to continue to slow, but markets with strong job growth and limited new housing construction will likely continue to experience large rent increases. Continue reading
Single-family rents in June clocked in at 13.4 percent above levels in June 2021, but growth has slowed modestly month over month, according to new CoreLogic data released Tuesday. Continue reading
Current CoStar report finds ‘a continued downward trend in rent growth,’ as vacancy rates tick upward and rent price growth cools. The Sun Belt and South continue to see the fastest growth. Continue reading