Asking Rents Largely Unchanged Yr-over-year

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by Calculated Danger on 1/07/2025 01:48:00 PM

At this time, within the Actual Property E-newsletter: Asking Rents Largely Unchanged Yr-over-year

Temporary 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 stored asking rents below strain. …

Welcome to the January 2025 Condominium Record Nationwide Hire Report. The nationwide median month-to-month hire closed out 2024 at $1,373 in December, after declining by 0.6 p.c, or $8, from the prior month. Yr-over-year hire progress nationally additionally at the moment stands at -0.6 p.c, that means that the everyday house is at the moment renting for barely lower than it was one yr in the past. …

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

In November 2024, the U.S. median hire continued to say no year-over-year for the sixteenth month in a row, down $19 or -1.1% year-over-year for 0-2 bed room properties throughout the highest 50 metros, quicker than the speed of -0.8% seen in October 2024.

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