at Calculated Risk on 12/05/2024 11:03:00 AM
Today, in the Real Estate Newsletter: Asking Rents Mostly Unchanged Year-over-year
Letter excerpt:
Another monthly update on rents.
Tracking rents is important for understanding the dynamics of the housing market. Slower household formation and increased supply (more multi-family completions) have kept asking rents under pressure. …
Welcome to the December 2024 Apartment List National Rent Report. The national median rent dipped by 0.8% in November, as we get further into the slow season for the rental market. Nationwide rent fell $12 to $1,382, and we’re likely to see that number dip one more time before the year ends. …
Realtor.com: 15th Consecutive Month with Year-over-year Decline in Rents
In October 2024, the US median rent continued to decline year-over-year for the fifteenth month in a row, down $14 or -0.8% year-over-year for 0-2 bedroom properties across the top 50 metros, faster than the rate of -0.5% seen in September 2024.