Mortgage rates have dropped to their lowest levels since 2023 in 22 of the 50 largest U.S. metros — even as rent prices continue to rise, according to a new analysis from Zillow released on Monday. Continue reading
The nation’s biggest city saw the biggest gap emerge between the rates of wage growth and rent growth. Continue reading
The median asking rent in the United States rose 2.2 percent year over year to $1,981 in February, the largest annual gain since January 2023 and a 0.9 percent increase compared to the month before. Continue reading
The Sun Belt leads the ongoing drop in rent declines, and the price of rent is now lower than a year ago in 50 of the top 100 markets Zumper tracks. Continue reading
Rents for studio, one-bedroom and two-bedroom units fell 0.7 percent between August and September, according to data from Realtor.com. Continue reading
After coming within $2 of a historical high record during August, the national median rent price dropped 2.02 percent last month. Continue reading
No metro in the U.S. held enough vouchers to meet soaring demand, with Miami and other cities in Florida standing out for disparities between available vouchers and renters who need them. 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 remained 10.2 percent above September 2021 levels and 22.6 percent compared to two years earlier, according to the single-family rent index from property data information company CoreLogic. Continue reading
NAR Chief Economist Lawrence Yun expects employees to spend 25% to 35% less time in the office, keeping downward pressure on office rent. The multifamily sector also saw prices drop with high borrowing rates. Continue reading