by Calculated Risk on 2/05/2025 11:37:00 AM

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

Brief excerpt:

Another monthly update on rents.

Tracking rents is important for understanding the dynamics of the housing market. Slower household formation and increased supply (more multi-family completions) has kept asking rents under pressure. ...

Apartment List: Asking Rent Growth -0.5% Year-over-year ...

On the supply side of the rental market, our national vacancy index ticked up to 6.9 percent in January, the highest reading in the history of that monthly data series, which goes back to the start of 2017.

Realtor.com: 17th Consecutive Month with Year-over-year Decline in Rents

In December 2024, the US median asking rent continued to decline month-over-month for the seventeenth consecutive month. The national median rent was $1,695 in December, down $8 (0.5%) from November 2024 and $18 (1.1%) from December 2023 across the 50 largest metropolitan areas in the country.

This is much more in the article.

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