The rental market is stabilizing, and thanks to rising wages, renters have a chance to breathe after the pandemic’s rapid rent growth. Zillow Rental Trends Expert Emily McDonald has the details – plus, tips for renters looking for a new place. Dive into the research: https://lnkd.in/ehfpcbpy
How long do you think this will last? Just asking out of curiosity.
Emily McDonald Another great video and tip!
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The biggest thing is know your market before you renew your lease.
The rental market is stabilizing, and thanks to rising wages, renters have a chance to breathe after the pandemic’s rapid rent growth. Zillow Rental Trends Expert Emily McDonald has the details – plus, tips for renters looking for a new place. Dive into the research: https://lnkd.in/ehfpcbpy
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Zillow’s Latest Renter Survey Is Out—Here’s What Tenants Are Looking For in 2024 https://lnkd.in/gt3PjtiH #rentalproperty #rentals #propertyinvestment
Good news - Dallas-Fort Worth's rental market is quietly gaining strength. Three consecutive months of rent growth say so, even if it's a slight 0.2% hike from Feb to Mar. But hold those cheers, as the annual rent growth still hovers in the negative. Yet, bright spots are appearing. Q1's absorption of 4,900 units is the highest in 2 years. Intriguingly, it's places heavy on supply, like Frisco and Prosper, that are seeing a surge in demand. The market has absorbed 2,220 units in the past year, but with 7,340 units under construction, it's a race to balance supply and demand. Meanwhile, areas like Mesquite, with a modest 2.1% rent growth and an average asking rent of $1,229, are holding steady. The prediction? As demand picks up, rent growth will follow. CoStar anticipates a rebound by the second half of 2024, peaking above 3% in 2025. Source: CoStar yond.
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US Economist Stephen Juneau expects rent inflation to moderate but regional differences to continue. While demand for multifamily rentals has held up, supply growth helps explain downward pressure on rent inflation. But supply is concentrated in the Sunbelt, where apartment deliveries in 2024 are expected to equal 4.7% of existing stock, the highest number in at least a decade. Meanwhile in gateway markets including New York, Boston, Chicago, Seattle, San Francisco, and Los Angeles, supply growth has been flattish for years. Ultimately, BofA Research's REIT team expects national market rent growth to return to pre-pandemic growth trends. They expect rents in the Sunbelt to continue to be pressured as peak supply won't hit until this summer or later. They expect rent growth in suburban properties, single family rentals and gateway markets to be stickier.
US Economist Stephen Juneau expects rent inflation to moderate but regional differences to continue. While demand for multifamily rentals has held up, supply growth helps explain downward pressure on rent inflation. But supply is concentrated in the Sunbelt, where apartment deliveries in 2024 are expected to equal 4.7% of existing stock, the highest number in at least a decade. Meanwhile in gateway markets including New York, Boston, Chicago, Seattle, San Francisco, and Los Angeles, supply growth has been flattish for years. Ultimately, BofA Research's REIT team expects national market rent growth to return to pre-pandemic growth trends. They expect rents in the Sunbelt to continue to be pressured as peak supply won't hit until this summer or later. They expect rent growth in suburban properties, single family rentals and gateway markets to be stickier.
Dallas Renters Show Strong Payment Performance, RealPage Data Reveals Contact me to discuss the latest scoop in real estate! #realestate #realtor #dreamhomes #homebuyers #realestateagent #homesofinstagram #properties #homesearch #realestateinvesting #housingmarket
US Economist Stephen Juneau expects rent inflation to moderate but regional differences to continue. While demand for multifamily rentals has held up, supply growth helps explain downward pressure on rent inflation. But supply is concentrated in the Sunbelt, where apartment deliveries in 2024 are expected to equal 4.7% of existing stock, the highest number in at least a decade. Meanwhile in gateway markets including New York, Boston, Chicago, Seattle, San Francisco, and Los Angeles, supply growth has been flattish for years. Ultimately, BofA Research's REIT team expects national market rent growth to return to pre-pandemic growth trends. They expect rents in the Sunbelt to continue to be pressured as peak supply won't hit until this summer or later. They expect rent growth in suburban properties, single family rentals and gateway markets to be stickier.
US Economist Stephen Juneau expects rent inflation to moderate but regional differences to continue. While demand for multifamily rentals has held up, supply growth helps explain downward pressure on rent inflation. But supply is concentrated in the Sunbelt, where apartment deliveries in 2024 are expected to equal 4.7% of existing stock, the highest number in at least a decade. Meanwhile in gateway markets including New York, Boston, Chicago, Seattle, San Francisco, and Los Angeles, supply growth has been flattish for years. Ultimately, BofA Research's REIT team expects national market rent growth to return to pre-pandemic growth trends. They expect rents in the Sunbelt to continue to be pressured as peak supply won't hit until this summer or later. They expect rent growth in suburban properties, single family rentals and gateway markets to be stickier.
Great information!