Among the ten metros with sharpest year-over-year rent declines, many also rank among the highest in terms of multifamily permitting activity (e.g. Raleigh, San Antonio, Jacksonville, Phoenix). Notably all of these markets are located in the Sun Belt.
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For rental property owners and investors, understanding market trends is essential to making informed decisions. Tools like the CPI Rent Index, New Tenant Rent Index, and the Zillow Rent Index offer valuable insights into the rental market. These indexes track various aspects of rent pricing, from long-term inflation-adjusted trends to the latest market shifts in…
Calculated Risk Newsletter: National Asking Rents Mostly Unchanged Year-over-year “Single-family rents posted below-trend growth in October, both in annual and monthly rate increases. While national growth was below-trend, some markets, particularly markets that have had tepid rent increases over the past two years, led rent increases for the nation,” said CoreLogic senior principal economist Molly…
Real Estate Published Tue, Dec 31 202411:38 AM ESTUpdated Tue, Dec 31 202412:55 PM EST Diana Olick@in/dianaolick Key PointsActive listings in November were 12.1% higher than they were in November 2023 and hit the highest level since 2020, according to a new report from Redfin. More than half of those homes, however, had sat on…
The first eight months of the year marked the lowest turnover rate in at least 30 years, according to Redfin, which conducted an analysis of housing turnover by comparing the first eight months of 2024 across different metro areas, home and neighborhood types. It is using turnover as a way to measure housing availability. Comparatively, there…
Key takeaways On average, purchasing a home now costs $1,091 more per month than renting the same property. Although this gap has narrowed from the $1,349 peak in October 2023, it remains significantly higher than the historical national average of $233. Across the top 20 single-family rental (SFR) markets, the spread between purchasing and renting…
