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🏢📉 Modest rent growth in 2024. Nat'l median rents rose 0.5% in May, now standing at $1,404 per month, but the pace of growth slowed slightly. Read more ➤➤ https://loom.ly/u7-qpgA #RentGrowth #HousingMarket #RealEstateTrends #ApartmentLiving #MarketUpdate ➣➣ Start learning Everything about REAL ESTATE: https://loom.ly/1J9YvRU

The U.S. rental market marked 14 consecutive months of falling rents, with median rents down 0.5% YoY as of September. While cities like Cincinnati lead with rent growth, Southern markets, such as Nashville, see declines due to new multifamily housing supply. This trend offers a window into shifting rental affordability and housing market adjustments post-pandemic. #RealEstate #RentalTrends #MultifamilyMarket #Aspire

In February, Logan Mohtashami shared that "Single-family rents are stabilizing and holding up well. However, apartments are having pricing issues, meaning more supply is coming online, which will halt production of many more apartments until the supply and demand equilibrium can stabilize." The most recent rental data from CoreLogic confirms the trend... we continue seeing annualized gains in rents, but "...these gains are being driven entirely by detached properties. Attached properties, including condominiums, posted a yearly rent-price decrease for a second straight month, backtracking by 0.5% in April." This is good news for the resi market and supports forecasting lowing inflation reports in coming months and quarters. Rents are the biggest deal for core inflation and as single-family rent growth tapers off we should see CPI start to cooperate. Also, while we're not pitting single-family against multifamily... its a positive for the single-family resi market to see SFR rents holding up in comparison to attached housing units. https://lnkd.in/gsjasaN5

The latest Yardi Matrix report shows that multifamily rents generally show signs of stability as the months continue. Discover more insights on the rental market's recent uptick in asking rents and shifting occupancy trends. #multifamily #rentaltrends

The rental market has entered its busiest time of the year, and rents are starting to tick up month-to-month. 📈 In March, they increased 0.6% nationwide and should continue to do so for the coming season. Yet, rent prices in many metros remain lower than a year ago, as annual rent growth remains in negative territory following a slow winter. It will likely take another month or two before 2024 establishes itself as a “hot” or “cool” year for rentals. While prices trend upward, a rising multifamily vacancy rate will keep runaway rent growth in check. The national rate hit 6.7% in March and has steadily risen for more than two years as new apartments flood the market. 🏡 Nationwide, the latest estimated median rent is $1,220 for a one-bedroom apartment and $1,374 for a two-bedroom unit. In total, rents remain down 3.6% from their all-time peak in August 2022.

Despite record apartment deliveries, demand for rental housing is outpacing supply, driving vacancy rates down. This surge in absorption signals a strong rebound in the multifamily market. Investors should take note—renter growth is outpacing homeowners, and a shift towards in-person work is driving market confidence. With the market stabilizing, it's a great time to consider multifamily investments. #RealEstate #Multifamily #InvestmentOpportunities #MarketTrends https://lnkd.in/e-2GXERh

📈 After 2 Years, Apartment Occupancy is Finally Back Up! 📈 National average apartment occupancy hit 94.2% in April, signaling a potential multifamily rebound. Despite this, rent growth remains subdued due to an influx of new supply. Regional disparities highlight ongoing supply-demand challenges, with some areas showing improvement while others lag. For a deeper dive into the current trends, read the full article here: https://lnkd.in/gy9ytdi5

Even though the rental market is looking a little pricy, it's still more affordable than purchasing a house, with the added bonus of being able to move with ease based on work opportunities or the desire to upsize/downsize/simply try someplace new. Are you wondering what you should be spending on rent based on your income? The rule of thumb is about 30% of your income. Another factor for the high influx of renters is that some are trying to purchase a home, but with low housing availability for purchase, they continue to rent as they wait for the right house to emerge. #RentalMarket #RentalHousing #RealEstate #HousingMarket

Is the rental market finally stabilizing? Let’s break down the implications for renters! Apartment rents have posted the largest annual increase in 18 months, rising 0.9% year-over-year to $1,645 in August. Still, they remain below their 2021 peak of $1,700.  -------- What does that tell us? -------- The multifamily market is stabilizing. 👉 Multifamily Supply Meets Demand  Building completions are at historic highs, pushing some landlords to lower rents and offer concessions. This is improving affordability in oversupplied areas.  👉 Affordability Gains With wages growing 3.8% year-over-year in August and rents stabilizing, renters are finding relief. Wage growth is outpacing rent hikes, making apartment living more affordable. For instance, 2-bedroom rents stayed flat at $1,725. 👉 Regional Trends  ➡ Austin saw a sharp 17.6% rent decrease, saving renters $317 per month.  ➡ Virginia Beach rents surged by 15.2%, highlighting regional differences across metros like D.C., Baltimore, and Chicago. -------- So, what’s next? -------- With construction slowing down, rents may stay stable, but regions with a backlog of new units will see continued balance in the market. For multifamily investors and developers, how will you leverage these trends in your strategies? P.S. Want to dive deeper into real estate trends? Follow A.CRE Consulting for more economic insights!

The latest National Multifamily Report from Yardi Matrix reveals that the average U.S. advertised asking rent decreased by $5 in November, settling at $1,744. Year-over-year rent growth remained steady at 0.9%, with the national occupancy rate holding firm at 94.7%. Notably, Eastern gateway metros and Midwestern secondary markets experienced the highest rent increases, while Sun Belt metros faced declines. For a comprehensive analysis of these trends and their implications for the multifamily housing market, read the full report here: #MultifamilyHousing #RealEstateTrends #YardiMatrix #MarketAnalysis #PropertyManagement