CoreLogic Says Rents Continue to Grow at a Slow & Steady Pace

According to the latest CoreLogic Single-Family Rent Index (SFRI), U.S. single-family home rental prices continue to grow at a slow and steady pace.  According to their report, prices posted a 2.4% gain year-over-year – the lowest rate of growth recorded since last fall.  Interestingly, detached rental prices rose by 2.3% from August 2023, compared with 2% for attached properties.

“Single-family rent growth slowed in August from both a year and a month ago…The monthly drop in single-family rents of 0.2% was notable as it was contrary to the typical August increase of 0.3% and therefore points to quickly decelerating single-family rents. However, some metro areas bucked the national trend – the top metros in rent growth in August all had accelerating gains from a year ago.”  Said CoreLogic Principal Economist Molly Boesel.

Click here to read the full report at CoreLogic.