Sunbelt southern rental markets have experienced the toughest conditions over the past 18 months

Markets in the South and West, many of which had red-hot rent growth since 2022 brought down average rent growth

ByHayli Mace

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…

Rents clearly peaked nationally in early 2023 and have slowly declined ever since

Apartment List National Rent Report January 2025

ByHayli Mace

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.

The housing market is heading into 2025 with a worrying supply trend

ByHayli Mace

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 right marketing strategy leads to great resident move ins

Housing turnover rate hits lowest level in 30 years

ByHayli Mace

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…