Los Angeles has shown the most significant rent growth among major U.S. metropolitan areas, recording a 6.8% increase, partly attributed to shifts in housing supply following January's wildfires. In contrast, Dallas experienced a 0.5% decline in rental prices, indicating a weak market trend. Single-family rent growth has gained momentum for the third consecutive month. While Washington, D.C. sees a 6% annual rent increase, both Miami and Dallas exhibit sluggish growth. High-end rentals continue to outperform low-end apartments, with notable annual increases and an overall strengthening of national rental trends.
Los Angeles has experienced the fastest growth in major U.S. metros at 6.8%, influenced by housing supply shifts post-wildfires.
Dallas recorded the weakest rent performance with a 0.5% decline, indicating challenges in its rental market compared to others.
High-end rentals showed stronger performance than low-end, with increases of 3.5% year over year, highlighting disparities in rental markets.
The single-family rent growth has stabilized, seeing significant increases over the past months, suggesting recovery and stronger national trends.
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