Outpacing millennials, Gen Zers are now driving renter households, according to a new analysis from the Joint Center for Housing Studies. As Gen Z rental demand heightens and older generations exit the rental market, experts predict the number of renter households Gen Z adds in the next 15 years will be an important pillar of housing demand.
Read More »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.
Read More »Nationwide Construction Boom Expected to Remain High Until 2025
While millions of units are expected to be developed in the coming years, developers are expected to open 460,860 rentals by the end of December. However, a new RentCafe study revealed even that may not be enough to keep up the pace with surging nationwide rental demand as more and more Americans opt for renting over buying.
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 »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.
Read More »In Less Than a Decade, Americans Will be Priced Out of These Cities
While many metro areas continue to outpace the national average in terms of growth, GOBankingRates reveals the cities where homebuyers will be unable to afford homes in the next 10 years, with popular cities like Knoxville, Tennessee; and Albuquerque, New Mexico topping the list.
Read More »Nationwide Rent Growth Returns to Pre-Pandemic Levels
While single-family rental cost gains rose 3.4% year-over-year in May, a new CoreLogic report finds the overall rate of increase has returned to pre-pandemic levels recorded between 2010 and 2019.
Read More »Midwest Metros Top List of Cities With Most Affordable Rentals
As economic inflation continues to impact rental prices nationwide, a new study from WalletHub examined the best and worst cities to rent in the U.S., with Midwestern states like North and South Dakota, Kansas, and Iowa topping the list of places with the most affordable rentals.
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