Rents Fall for the 15th Month in a Row-and the South Becomes Even Friendlier to Renters
Briefly

from SFGATE2 months ago
The median asking rent in the 50 largest metros registered at $1,720, down $23 from last month and $40 from its August 2022 peak, notes Realtor.com economist Jiayi Xu.
SFGATEhttps://www.sfgate.com/realestate/article/rents-fall-for-the-15th-month-in-a-row-and-the-19940618.php
While the drops have been modest, it's a welcome relief for anyone searching for a place to call home, even though rents remain significantly higher than pre-pandemic levels.
SFGATEhttps://www.sfgate.com/realestate/article/rents-fall-for-the-15th-month-in-a-row-and-the-19940618.php
The rental market is finally reaping the benefits of construction projects that began during the pandemic, leading to significant increases in multifamily completions in 2024.
SFGATEhttps://www.sfgate.com/realestate/article/rents-fall-for-the-15th-month-in-a-row-and-the-19940618.php
Regionally, all four areas saw a significant increase in multifamily completions in 2024, driven by surges in new starts from prior years, resulting in a cooling rental market.
SFGATEhttps://www.sfgate.com/realestate/article/rents-fall-for-the-15th-month-in-a-row-and-the-19940618.php
Read at SFGATE
#rent-prices #rental-market #housing-supply #economic-trends #covid-19-impact
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