Rent growth slows to smallest rate since July 2021

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

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

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