Rent Prices Are Easing In Most U.S. Metros As Multifamily Construction Stays Strong

Rent Prices Are Easing In Most U.S. Metros As Multifamily Construction Stays Strong

Rent prices are easing in most American cities thanks to a boost in available units. Sixty-eight of the country’s largest metros saw month-over-month rent declines in October, according to researchers at Florida Atlantic University and two other schools. The average rental rate was $2,040, down 0.9% from September. Springfield, MA, Austin, TX, Seattle, and New…

Rent Growth Is Slowing, But Only For Higher-Priced Properties

Rent Growth Is Slowing, But Only For Higher-Priced Properties

Rent growth decelerated for the fifth straight month, but renters in lower-priced units are still feeling the squeeze as homeownership remains out of reach for most Americans. Single-family rents increased only 10.2% YOY in September, down from 13.9% in April 2022, according to recent data from CoreLogic. This is still double the pre-pandemic growth rate,…

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