Housing Market News
Rental Market Tracker: Asking Rents Climb 2% in February, Biggest Gain in Over a Year
Rents hit a low point last February—one reason they’re now showing a sizable year-over-year uptick. Another factor driving rents up: the jump in mortgage rates last month, which buoyed rental demand. The Northeast and Midwest were the biggest gainers, with asking rents rising roughly 5% from a year earlier. Rents in the West and South
Rental Market Tracker: U.S. Asking Rents Flatten After Pandemic Rollercoaster Ride
Rents haven’t fluctuated much over the past year, rising 1% in January—a far cry from double-digit growth during the pandemic. Landlords don’t have much room to boost prices as they grapple with rising vacancies and the pandemic housing frenzy moves further into the rearview mirror. The median U.S. asking rent rose 1.1% year over year
A Reprieve for Renters: Costs Drop for Third Straight Month in December
Rising supply has led to rising vacancies, motivating landlords to lower asking rents, which fell 1% from a year earlier. Rents dropped in the South and the West, but continued climbing in the Midwest and Northeast. The median U.S. asking rent fell 0.8% year over year in December to $1,964. That’s the third consecutive decline,
The Tide Turns for Renters as Asking Rents Post Biggest Decline in Over 3 Years
The median U.S. asking rent fell 2% year over year in November—the biggest decline since 2020—as landlords grappled with rising vacancies due to a building boom in recent years. But rents are still rising in the Midwest, partly because out-of-towners are moving in to get more bang for their buck. The median U.S. asking rent
Rental Market Tracker: U.S. Asking Rents Remained Sluggish in October Amid Rising Vacancy Rate
Asking rents were little changed from a year earlier for the seventh-straight month as an increase in new units hitting the market drove up vacancies, making it harder for landlords to raise prices. The median U.S. asking rent in October was $1,978, little changed (-0.3%) from a year earlier, but down 3.7% from the $2,054
Rental Market Tracker: Asking Rents Flattened in September Amid Growing Apartment Supply
The median U.S. asking rent was little changed from a year earlier for the sixth straight month as an increase in the number of rentals made it harder for landlords to boost prices. But apartment construction has started to slow, which should ultimately help bolster rents. Asking rents are climbing in the Midwest and Northeast,
Rental Market Tracker: Asking Rents Climb 2% in February, Biggest Gain in Over a Year
Rents hit a low point last February—one reason they’re now showing a sizable year-over-year uptick. Another factor driving rents up: the jump in mortgage rates last month, which buoyed rental demand. The Northeast and Midwest were the biggest gainers, with asking rents rising roughly 5% from a year earlier. Rents in the West and South
Rental Market Tracker: U.S. Asking Rents Flatten After Pandemic Rollercoaster Ride
Rents haven’t fluctuated much over the past year, rising 1% in January—a far cry from double-digit growth during the pandemic. Landlords don’t have much room to boost prices as they grapple with rising vacancies and the pandemic housing frenzy moves further into the rearview mirror. The median U.S. asking rent rose 1.1% year over year
A Reprieve for Renters: Costs Drop for Third Straight Month in December
Rising supply has led to rising vacancies, motivating landlords to lower asking rents, which fell 1% from a year earlier. Rents dropped in the South and the West, but continued climbing in the Midwest and Northeast. The median U.S. asking rent fell 0.8% year over year in December to $1,964. That’s the third consecutive decline,
The Tide Turns for Renters as Asking Rents Post Biggest Decline in Over 3 Years
The median U.S. asking rent fell 2% year over year in November—the biggest decline since 2020—as landlords grappled with rising vacancies due to a building boom in recent years. But rents are still rising in the Midwest, partly because out-of-towners are moving in to get more bang for their buck. The median U.S. asking rent
Rental Market Tracker: U.S. Asking Rents Remained Sluggish in October Amid Rising Vacancy Rate
Asking rents were little changed from a year earlier for the seventh-straight month as an increase in new units hitting the market drove up vacancies, making it harder for landlords to raise prices. The median U.S. asking rent in October was $1,978, little changed (-0.3%) from a year earlier, but down 3.7% from the $2,054
Rental Market Tracker: Asking Rents Flattened in September Amid Growing Apartment Supply
The median U.S. asking rent was little changed from a year earlier for the sixth straight month as an increase in the number of rentals made it harder for landlords to boost prices. But apartment construction has started to slow, which should ultimately help bolster rents. Asking rents are climbing in the Midwest and Northeast,