by Calculated Danger on 10/04/2024 12:37:00 PM
At this time, within the Actual Property E-newsletter: Asking Rents Principally Unchanged Yr-over-year
Temporary excerpt:
Monitoring rents is essential for understanding the dynamics of the housing market. For instance, the sharp improve in rents helped me deduce that there was a surge in family formation in 2021 (See from September 2021: Family Formation Drives Housing Demand).
Slower family formation and elevated provide (extra multi-family completions) has saved asking rents beneath strain. …
Welcome to the October 2024 House Record Nationwide Hire Report. The nationwide median hire dipped by 0.5% in September, as we flip the nook into the sluggish season for the rental market. The median hire nationally now stands at $1,405, and we’re more likely to see that quantity proceed to dip modestly by way of the rest of the 12 months.
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Realtor.com: thirteenth Consecutive Month with Yr-over-year Decline in Rents
In August 2024, the U.S. median hire continued to say no 12 months over 12 months for the thirteenth month in a row, down $5, or -0.3%, 12 months over 12 months for 0-2 bed room properties throughout the highest 50 metros
