Asking Rents Mostly Unchanged Year-over-year

Today, in the Real Estate Newsletter: Asking Rents Mostly Unchanged Year-over-year

Brief excerpt:

Here is a graph of the year-over-year (YoY) change for these measures since January 2015. Most of these measures are through November 2023, except CoreLogic is through October and Apartment List is through December 2023.

The CoreLogic measure is up 2.5% YoY in October, down from 2.6% in September, and down from a peak of 13.9% in April 2022.

The Zillow measure is up 3.3% YoY in November, mostly unchanged from 3.2% YoY in October, and down from a peak of 16.1% YoY in March 2022.

The ApartmentList measure is down 1.0% YoY as of December, up from -1.1% in November, and down from a peak of 18.2% YoY November 2021.
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OER and CPI shelter will decline further in the CPI release next week.

There is much more in the article.