by Calculated Threat on 5/07/2024 11:58:00 AM
As we speak, within the Actual Property Publication: Asking Rents Largely Unchanged 12 months-over-year
Transient excerpt:
Monitoring rents is necessary 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). Now that family formation has slowed, and multi-family completions have elevated, rents are beneath stress.
From ApartmentList.com: Condominium Checklist Nationwide Hire Report
Rents are up 0.5% month-over-month, down 0.8% year-over-year
Hire development follows a seasonal sample – hire will increase usually happen throughout the spring and summer time, whereas the autumn and winter normally see a modest worth dip. We’re presently transitioning into the busy season, with the nationwide median hire growing for the third straight month, following six consecutive month-to-month declines from August 2023 to January 2024. Nonetheless, the tempo of that constructive hire development slowed barely this month, with rents up 0.5 % month-over-month in April, after growing by 0.6 % in March.
There’s far more within the article.
