by calculated risk 2024/11/06 12:13:00 PM
In today’s real estate newsletter: Asking rent is almost unchanged from the previous year
A brief excerpt:
Also monthly updates regarding rent.
Tracking rents is important to understanding housing market trends. Rents remain under pressure due to slower household formation and increased supply (increasing completions of multifamily housing). …
Welcome to the November 2024 Apartment List National Rent Report. National Rent Report. The national median rent price fell by 0.7% in October, as the rental market’s slow season continues to progress. Nationally, the median monthly rent fell $10 to $1,394, and that number is expected to continue declining slowly through the rest of the year. …
Realtor.com: 14 consecutive months of year-over-year rent declines
In September 2024, U.S. median rent prices continued their 14th consecutive month of year-over-year declines, dropping by $8 or -0.5% year-over-year for 0-2 bedroom properties in the top 50 metro areas. This has fallen faster than the average rent in the United States. August 2024 sees an interest rate of -0.3%.
