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Tag Archives: Market Studies

Rent Prices Continue Their Decline

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.

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Are Renters Finally Catching a Break?

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.

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Cooling Home Values Boost Affordability

As mortgage rates continue to ease, homebuyers are still constrained by elevated housing costs, according to Zillow's latest housing report. However, cooling home values did provide some relief in November.

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U.S. Price Growth Hampered by ‘Below Normal’ Demand

While seasonal price trends typically place downward pressure on rents throughout the fall and winter, it may be no surprise that rents dropped in November, according to a new Rent. report. Asking rents have declined year-over-year in three of the last four months.

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Gen Zers Outpace Millennials, Now Leading U.S. Rental Demand

Millennials outweigh Gen Zers in terms of population, but not when it comes to renter households, according to a new report from the Joint Center for Housing Studies. Daniel McCue, Senior Research Associate, reveals the future of rental housing demand and projects the number of renter households both generations will add over the next decade.

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New Home Listings Experience Largest YoY Increase in Over Two Years

“Mortgage rates are dropping due to easing inflation and investors betting the Fed will cut interest rates sooner than expected," said Redfin Economics Research Lead Chen Zhao. “Declining rates, along with a sizable year-over-year increase in new listings, are leading to more favorable conditions for some buyers."

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