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Housing Market: US: Difference between revisions
→Rent Developments
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Seasonality: https://www.apartmentlist.com/research/best-time-of-year-to-rent | Seasonality: https://www.apartmentlist.com/research/best-time-of-year-to-rent | ||
[[File:Screenshot 2024- | [[File:Screenshot 2024-08-12 093640.png|alt=|center|thumb|714x714px|https://www.apartmentlist.com/research/national-rent-data]] | ||
<ref name=":0" /> | <ref name=":0" /> | ||
[[File:Screenshot 2024- | [[File:Screenshot 2024-08-12 093621.png|alt=|center|thumb|686x686px|https://www.apartmentlist.com/research/national-rent-data]] | ||
==== July 2024 ==== | |||
Rent prices ticked up for the sixth straight month, but rent growth over the course of 2024 as a whole remains modest, signaling ongoing sluggishness in the market. And while month-over-month rent growth remains positive, it is decelerating. Prices increased just 0.2% in July and today the nationwide median rent stands at $1,414. It is very possible that rent growth will turn flat or negative in August, and stay there for the remainder of the year.<ref name=":0" /> | |||
* Rents are up 0.2% month-over-month, down 0.8% year-over-year | |||
* Through July, our vacancy index sits at 6.7 percent, the highest reading since August 2020. | |||
* ationwide rent growth was positive in July 2024, so too was it positive in the majority of large cities across the country; 72 of the nation’s largest 100 cities saw prices rise month-over-month. | |||
==== June 2024 ==== | ==== June 2024 ==== | ||