Realtor.com’s Rental Report for December 2024 reveals that New York City’s median asking rent hit $3,382, rising 5.6% year over year while national rents declined for the 17th consecutive month.
On May 22, 2024, the Federal Bureau of Investigation (FBI) conducted an unannounced raid of national apartment operator Cortland Management as part of a ramped-up investigation into rental price fixing. The main target of this investigation is RealPage.
Zillow released its Housing Market Report for April 2024, highlighting the best markets for homebuyers. Florida and Texas have seven of the top 10 metro areas listed, thanks to strong construction numbers, which have eased buyer competition.
Research from Zillow and StreetEasy show New York rents increased seven times faster than wages in 2023, putting an extra squeeze on renters’ budgets as housing affordability worsens.
Realtor.com®’s March 2024 Rental Report shows a $5 annual drop in the median U.S. asking rent to $1,722—up $14 from the previous month.
A new Redfin report shows the U.S. asking rent dropped for the third consecutive month, falling 0.8% year over year in December 2024 to $1,964. By region, asking rents rose in the Midwest and Northeast; they fell in the West and South.
A new report from Redfin shows the median U.S. asking rent for August at $2,052—$2 less than the record high set one year earlier. Despite near-record rents, landlords in some parts of the U.S. are offering concessions to attract renters as vacancies rise.
The July 2023 Rental Report from Realtor.com shows rent prices dropping year over year for the third straight month as rental supply increases. July also marks the first annual rent price decline for studio units since 2020.
Byron Lazine and Tom Toole discuss May’s decline in sales in spite of high buyer demand, declining rents, a popular Twitter account misleading buyers, a summer lift for inventory, crucial tactics and strategies for the rest of 2023, and making the most of your 4th of July weekend.
Realtor.com released its May Rental Report, which shows a 0.5% annual decline in the median asking rent—particularly for two-bedroom units—and economists predict continued rent declines, with an average drop of -0.9% for 2023.
A new report from Redfin shows an almost 50% annual drop in the number of investor home purchases in Q1 2023, outpacing the 40.7% annual drop in overall home purchases.
The Bank of Canada’s decision to hold interest rates steady may force landlords in Canada, squeezed by the increase in their monthly mortgage payments, to raise rents or start selling their investment properties.
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