Tag Archives: rent prices

Rent prices post highest annual increase in over a year: Redfin

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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 →

New data shows much of the US has entered the ‘renter’s market’

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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 →

Renters rejoice! Rental rates fell for 5th straight month in September

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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 →

Tenants in jeopardy as rent hikes outpace value of rental vouchers

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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 →

Rent growth slows to smallest rate since July 2021

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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 →

Single-family rent growth slows for fifth-straight month in September

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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 expects price of office space and apartments to dip

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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 →

Renters sue RealPage for allegedly driving up rents through ‘cartel’

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Agreements between RealPage and some of the biggest apartment owners in the country drove up the cost of rent, which amounted to an illegal conspiracy that drove rents to all-time highs, the lawsuit alleges. Continue reading →