The latest Yardi Matrix is reporting that the average U.S. monthly rent dropped $2 in November to $1,214 – marking the 3rd consecutive month of decline. According to the report “rent growth normally slows or reverses in the latter part of the year, as fewer people move during the holidays,” offering reassurance that “the multifamily market is in good shape going forward.” Indeed….
Trending
- Cities with the Highest Property Crime
- Is New York City’s Housing Crisis so Bad that a Socialist Might Become Mayor?
- Cotality SFRI: Single-Family Rent Continues to Rise
- Self-Directed IRA & 1031 Exchanges: Powerful Tools in a Real Estate Investor’s Arsenal
- Yardi Says Storage Market Advertised Rates Slow in May
- A Third of Baby Boomers Say They’ll Never Sell Their Home
- A Whopping 63% Saw Title Fraud or Deed Theft in the Past Year
- Housing Starts & Building Permits Drop in May
