Tag Archives: Rent

According to a new LendingTree study, rates began to trend in the right direction after peaking in October, with the average rate for 30-year fixed mortgages falling to below 7.00% by December, ending the year more than a percentage point lower than their 2023 peak. But will economic conditions continue to ease in 2024?

The share of existing-home sales ticked up, ending a five-month slide, according to a new report from NAR, while the median existing-home price also jumped in November, marking a fifth consecutive month of year-over-year price increases.

New data from the Department reveals that more than 650,000 people experienced homelessness on a single night in January 2023, a 12% increase over 2022.

Knightvest has released their latest Multifamily Renter Sentiment Report, examining where modern Americans are falling on the "rent-versus-buy" question and how different generations feel about renting in today's market.

U.S. rent prices fell for the seventh consecutive month in November, according to a new Realtor.com report, as rental supply outpaced elevated demand in the West and South. However, Northeastern renters continued to struggle with higher costs.

“Renters are finally catching a break," said Redfin Chief Economist Daryl Fairweather. "Better deals are easier to come by because landlords are doling out concessions and rents have started falling in a meaningful way. Rising supply also means renters have more good options to choose from."

While available rental inventory has increased, the overall rental vacancy rate hit nearly 7% in Q3, representing the highest level since 2021. A new Redfin report shows asking rents continuing to linger just below their record high from October.

Housing activity is still hot as the market transitions from peak rental season, with the Midwest dominating October’s top 30 list of cities with the most rental activity, landing 12 entries in RentCafe's rankings.

While elevated housing costs continue to hinder homebuyers and renters nationwide, a new study from Apartment List revealed that the share of American renters who are cost-burdened has risen to the highest level since 2012, according to recent Census data.

"Rental housing is a narrow margin industry that is often mischaracterized, but the data shows the truth," said Bob Pinnegar, National Apartment Association President and CEO.