Asking Rents Largely Unchanged Yr-over-year

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by Calculated Danger on 11/06/2024 12:13:00 PM

As we speak, within the Actual Property E-newsletter: Asking Rents Largely Unchanged Yr-over-year

Transient excerpt:

One other month-to-month replace on rents.

Monitoring rents is vital for understanding the dynamics of the housing market. Slower family formation and elevated provide (extra multi-family completions) has saved asking rents underneath strain. …

Welcome to the November 2024 Condominium Checklist Nationwide Lease Report. Nationwide Lease Report. The nationwide median lease dipped by 0.7% in October, as we get additional into the gradual season for the rental market. The median month-to-month lease nationally fell by $10, placing it at $1,394, and we’re prone to see that quantity proceed to dip modestly by the rest of the yr. …

Realtor.com: 14th Consecutive Month with Yr-over-year Decline in Rents

In September 2024, the U.S. median lease continued to say no year-over-year for the fourteenth month in a row, down $8 or -0.5% year-over-year for 0-2 bed room properties throughout the highest 50 metros, sooner than the speed of -0.3% seen in August 2024.

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