Redfin, Seattle, found the median U.S. asking rent rose 2.6%–or $45–year-over-year to hit $1,790 in August.
Tag: Rents
Asking Rents Fall; Renters Can Afford Larger Spaces, Redfin Finds
Redfin, Seattle, released two analyses of the current rental market, including the finding that the median asking rent fell 0.7% year-over-year in November to $1,595.
Millennials Trying to Save for Homes, but Rent Is Too High, Survey Finds
Lombardo Homes, Shelby Township, Mich., found that while 51% of non-homeowner Millennials say they are saving for a home purchase, 77% say rent is so high it poses a challenge.
CoreLogic: U.S. Single-Family Rents Grew 3% in April
Single-family rents nationwide grew 3% year-over-year in April, CoreLogic, Irvine, Calif., reported, consistent with growth recorded over the past year.
Redfin: Asking Rents Hit Highest Level Since 2022
Redfin, Seattle, found the median asking rent increased 0.8% year-over-year in May to $1,653, just $47 below the record high hit in August 2022.
Redfin Reports Renters Staying Put Longer
Renters are less likely to move than they were a decade ago, as soaring housing costs have priced many out of homeownership, according to Redfin, Seattle.
Realtor.com Finds Rents Declined in March, Again
Realtor.com, Santa Clara, Calif., found rents declined in March for the eighth straight month, with year-over-year prices down 0.3%.
Asking Rents Rose Again in March, Redfin Found
Redfin, Seattle, found median asking rents rose 0.8% year-over-year in March, in the third consecutive increase.
Yardi Matrix: Multifamily Rents Rose Slightly in February
Yardi Matrix, Santa Barbara, Calif., reported the average multifamily asking rent rose $1 in February to $1,713, the first increase in seven months. Year-over-year growth remained flat at 0.6%.
Redfin: Asking Rents Up 2% in February
Redfin, Seattle, reported asking rents rose 2.2% year-over-year to $1,981 in February. They also grew by 0.9% from January.