According to the latest CoreLogic Single-Family Rent Index (SFRI), U.S. single-family home rental prices rose by 2.8% year over year in December 2023, in line with the previous four months. In addition, CoreLogic says despite relatively slow rent gains in the second half of 2023, costs have risen by almost 30% since early 2020. Indeed…
“Single-family rent growth closed out 2023 in positive territory, up by 2.8% annually in December…Strong rent growth in the summer propelled the annual gain, while monthly increases in the fourth quarter showed rents falling slightly more than is typical for the season. Single-family rent growth should remain in the range of about 2% to 4% for 2024.” Said Molly Boesel, principal economist for CoreLogic.
Click here to read the full report at CoreLogic.
