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Tag Archives: Rent prices

To Rent or Buy: The State of Renter Sentiment

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.

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Price Declines Offering Renters Some Relief

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.

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What 2024 Holds for the Housing Market

"Metro markets in southern states will likely outperform others due to faster job increases, while markets in the Midwest will experience gains from being in the most affordable region,” said Lawrence Yun, the NAR’s Chief Economist.

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Asking Rents Post Biggest Decline in Over 3 Years

“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."

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Increasing Rental Inventory Fuels Rise in Vacancies

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.

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Survey Finds Nearly 40% of Americans Feel Pressure to Relocate

A new survey from LendingTree revealed that in addition to rising mortgage rates and housing costs, approximately 39.79% of respondents cited rent increases as the primary reason why they felt pressured to move, followed by landlords not making repairs and living in unsafe neighborhoods.

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