Rent Growth Drops To Slowest Pace Since 2020 | March 23, 2026

On today’s Hot Sheet, Byron Lazine broke down Logan Mohtashami’s Weekly Market Tracker showing demand still rising, with pending sales at 71,230 and purchase applications up 12% year over year even as the 10-year yield signals higher-for-longer rates.

He also covered U.S. Census Bureau data showing January new home sales fell to a 587,000 annual pace as supply jumped to 9.7 months and prices declined.

For today’s third topic, Byron unpacked Zillow’s Rental Market Report for February, with rent growth slowing to 1.9% year over year, the weakest pace since December 2020.