Tag Archives: Rental markets

Rents are elevating, growing at a much faster pace than home prices in most local U.S. markets. According to new data, however, renting remains more affordable than homeownership for many.

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.

Asking rents have declined year-over-year in three of the last four months, according to a new Rent.com report, dropping a total of four times in 2023. As prices continue to climb in the Midwest, other regions saw annual declines in November, as the market continues its seasonal slowdown.

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.

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.

While economic uncertainties remain a struggle for many Americans, rate hikes continued to slow overall housing market activity in August as mortgage rates reached their highest in over two decades, according to HouseCanary's Market Pulse report.

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.

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.

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.