"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."
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.
Read at www.housingwire.com
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