Rental Market News

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.

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…