Rent increases tapered off in June, with the national median asking rent rising 14% from a year earlier–the smallest annual increase since October–reported Redfin, Seattle.
Tag: Redfin
Single-Family Rental Investors Purchasing Fewer Houses
Redfin, Seattle, reported single-family rental real estate investors purchased fewer houses in the first quarter than in prior quarters.
Multifamily Posts Broad Gains; Asking Rents Top $2,000
Multifamily performance continued its strong run in May, reported Yardi Matrix, Santa Barbara, Calif. In a separate report, Redfin, Seattle, said median monthly asking rents topped $2,000 for the first time.
Apartment Rents Up 13% Year Over Year
Apartment rents increased nearly 13 percent nationwide over the past year–the highest rate in at least two years–but growth slowed slightly in October, reports from Redfin and RealPage said.
Apartment, Condo Demand Jump
Demand for U.S. apartments and condominiums jumped in June, analysts said.