by Phil Hall | Aug 13, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive
The median asking rent declined year-over-year across all bedroom counts in July, according to new data from Redfin (NASDAQ:RDFN). This marks the first occurrence for across-the-board rent declines since June 2020. Median asking rents for 0- to 1-bedroom apartments...
by Phil Hall | Jun 11, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive
Rents dropped in May for the tenth consecutive month, albeit at a slower pace, according to the latest Realtor.com Rental Report. The median asking rent nationally for 0-2 bedroom units fell by -0.7% ($13) from May 2023 to $1,732. This is only $24 (-1.4%) below its...
by Phil Hall | Jan 25, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive
The median asking rent for 0-2 bedroom properties in the 50 largest metros was $1,713 in December, according to new data from Realtor.com. This is down by $7 (-0.4%) from December 2022 and down $63 (-3.5%) from its July 2022 peak – although it is also $309 (22%)...
by Phil Hall | Dec 13, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive
The median asking rent in November declined 2.1% from one year ago to $1,967, according to new data from Redfin (NASDAQ:RDFN). This represents the biggest annual drop since February 2020; the decline from October was 0.6%. “Renters are finally catching a break,” said...
Mortgage Rates Reach 7.40%, Highest Since November 2023
