NAR chief economist expects price of office space and apartments to dip

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’

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

After 2 years of hikes, rental market may be bound for ‘complete reversal’

Yet another sign of a widespread housing slowdown emerged as monthly rent price acceleration declined after 20 consecutive months of rapid increases, new data suggests. Continue reading

Housing is cooling. In some places, rents have yet to get the memo

In more than half of America’s largest cities, rents continue to post double-digit annual growth. And in some cases, they’re speeding up, according to Zumper’s most recent report. Continue reading

Signs of seasonal inventory growth return in strained housing market

The number of homes for sale rose in June for the second consecutive month but remained far from a full recovery to pre-pandemic levels. Continue reading