According to Realtor.com's August 2023 Rental Report, buying a starter home in the top 50 metros cost approximately 60.3% more than renting, while median U.S. rents experienced their fourth consecutive month of year-over-year declines.
Read More »Florida Markets Remained Fairly Competitive During Peak Rental Season
Rental market competition was moderate this summer compared to last year, according to a new RentCafe study, with Miami named the most competitive rental market during peak moving season, while two other Florida markets also topped the top 10 list.
Read More »Rising Home Prices Fueled by Ongoing Supply Shortage
Redfin's latest housing market update showed that the total share of homes on the market is down nearly 18% year-over-year, representing the biggest decline since February 2022. A significant lack of homes for sale caused home prices to rise nearly 5% annually, as mortgage-purchase applications remain at their lowest level in nearly three decades.
Read More »Checking in With Single-Family Rent Growth Trends
A new report from CoreLogic revealed annual single-family rent growth has returned to pre-pandemic rates, growing by just 3.3% year-over-year in June, representing the lowest gain since autumn 2020.
Read More »Median Rent Prices Fall for Third Consecutive Month
Realtor.com's latest rental report found July as the third consecutive month reporting year-over-year rent declines, meaning "the rental landscape is showing signs of improvement," according to Realtor.com Economist Jiayi Xu.
Read More »Average American Homeowner Rents for Five Years Before Buying a Home
The average American homeowner was able to purchase their first home at nearly 29 years old, according to a new survey from Shane Co.'s The Loupe. The survey revealed that the average homeowner rents for roughly five years before purchasing a home, while more than 25% of respondents believe it's now impossible to afford a home as a single person in the current housing market.
Read More »Home Values Climbed in Nearly All Major Markets From June to July
According to Zillow, metros in the Midwest and Northeast experienced the highest increases in home values nationwide, but while all major U.S. markets’ home values inched upward from June to July, nearly half remain down from last year’s levels.
Read More »Rents ‘Flattening Out’ in Face of Cooling Inflation, Consumer Spending
According to a new report from Redfin, only Western regions are experiencing a drop in asking rents, which are continuing to cool after surging nearly 20% last year.
Read More »Rental Market Experiences Significant Increases in Prices, Listings
While rental prices peaked in Q2, they are expected to trend downward in the coming months, as available-for-rent inventory has surged 70% year-over-year. Here’s what else HouseCanary's latest National Rental Report has to reveal.
Read More »Student Housing Continues Strong Rent Growth
A new study from Yardi Matrix revealed student housing posted five consecutive months of annual rent growth of over 7% recorded through June, while new data projects rates to remain solid throughout the 2023-2024 semester.
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