Tag Archives: Rent

For its most recent cover story, MortgagePoint assembled a panel of economists to forecast the top trends and headwinds they expect to define the housing market in 2024.

What will 2024 have in store? LendingTree experts weigh in on housing and economic conditions expected to occur throughout the year, from interest rates on 30-year fixed mortgages to other benchmarks.

NAR Chief Economist Lawrence Yun said, "The latest weakness in existing home sales still reflects the buyer bidding process in most of October, when mortgage rates were at a two-decade high before the actual closings in November.”

The median asking rent was down from last month, according to Realtor.com's November 2023 Rental Report, with rental supply outpacing demand in the West and South, causing prices to cool.

While a recent apartment construction boom offered U.S. renters more options to choose from, an increasing number of buildings to choose from caused the rental vacancy rate to rise in Q3, according to a new Redfin report.

A new Redfin report revealed the share of rental vacancies has increased as more inventory enters the market, causing median asking rents to flatten nationwide from their record high reached in August 2022.

While the Midwest remains the most dominant region for renters nationwide, one New York borough was named the most popular location for renters, according to RentCafe's October Rental Activity Report. Click here to see which other locales topped the list.

The share of renters who are cost-burdened has risen to the highest level since 2012, according to a new survey from Apartment List. Here’s how many households were rent burdened in America in 2022 per U.S. Census data.

Nationwide, Redfin found that asking rents rose just 0.4% year-over-year to an average of $2,011 in September, as an increasing supply in recent years has flooded the market with inventory.

According to RentCafe's August Rental Activity Report, Arlington, Virginia, is the most desired city by renters nationwide. As mortgage rates have topped 7% once again, renting remains the most affordable option for many Americans.