Furnished Finder’s Post

🌟 September 2023 Rental Market Update for Multifamily Owners from Zillow! 🌟 Hey folks! As we dive into the latest trends in the rental market, here’s what multifamily owners should keep an eye on: 🏠 Market Snapshot: The average rent in the U.S. hit $2,047, which is a 3.2% bump from last year. But hold up—month-over-month growth is slowing down, with just a 0.2% increase in September. 🔍 What’s Happening Out There: Affordable markets are shining right now, while places like Austin and Las Vegas are seeing rents dip. This is a big deal for those of us looking to invest smartly! 📈 New Construction Impact: More multifamily units are hitting the market, but with rising interest rates, this growth might slow and make affordability tougher for some renters. I’m ready to help you make the best moves in this ever-changing market. Let’s connect today! 💬 

June saw a 0.4% rise in national median rent as the typical summer spike in rent growth slows but rent remains over $200 higher than a few years ago. Read more on the current trends in the rental market and what to expect moving forward.

Annual rent growth accelerated in June. The typical rent across the U.S. is now $2,054, according to the Zillow Observed Rent Index. That is up 3.5% from last year, the fastest annual growth since last July. 

CoreLogic’s latest report examines single-family rental price trends in the US, revealing monthly and yearly changes. Despite January’s rent growth slowdown, demand for rental properties remains strong. The report underscores significant price gains since the pandemic, especially in the low and high price tiers, amidst rising costs across market segments. To learn more about the ongoing challenges in the single-family rental market and valuable data on housing trends, read here: https://lnkd.in/dequ4fMK

Looking for insights into the rental market? 🏠 Check out this fascinating article from Letting Agent Today highlighting the recent trends in rent prices. According to the report, rent rises are moderating as the market stabilizes ahead of summer. This shift suggests a potential turning point in the rental landscape, offering valuable insights for both tenants and landlords alike. As property professionals, staying informed about market trends is crucial for making informed decisions. Understanding these shifts can help landlords adjust rental strategies and tenants plan their housing budgets. Whether you're navigating the rental market as a landlord or tenant, this article sheds light on the current state of affairs. Read the full article here for a deeper dive into the evolving rental market: https://lnkd.in/geZgZ5rU 📊📈 #RentalMarket #RealEstateTrends #LettingAgentToday

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

🏢📉 Rent Growth Slows as Summer Ends A surge in apartment completions is leading to slower-than-usual seasonal growth, with rent prices increasing by just 3.4% year-over-year in August, according to Zillow. 💸🏡 Stay updated on the latest rental trends! ➣➣ https://loom.ly/sBLBXh8 #RealEstate #RentGrowth #HousingMarket #ApartmentLiving #Rentals ➣➣ Start learning Everything about REAL ESTATE: https://loom.ly/1J9YvRU

🏡 August rents are slightly down YoY! For the 13th month in a row, rents have dropped compared to last year 📉. In some key cities, we’re seeing a 4-5% decline YoY! Wondering what this means for renters and the market? Click to learn more! ⬇️ https://loom.ly/W55C0qs #RentUpdates #HousingMarket #RealEstateNews #RentTrends #HomeRentals ➣➣ Start learning Everything about REAL ESTATE: https://loom.ly/1J9YvRU

📉🏠 Asking Rents Kept Falling in June In June, asking rental rates were down 0.4% year-over-year nationally and fell YoY in 26 out of the 50 largest US cities. [Realtor.com] ➣➣ https://loom.ly/RXCH-TI #RealEstate #RentalMarket #HousingTrends #PropertyInvesting #HomeRentals ➣➣ Start learning Everything about REAL ESTATE: https://loom.ly/1J9YvRU

The graph that shows how renting turned into hellish nightmare! In yet more evidence of the ongoing rental nightmare, a graph plotting rent prices has shown just how deep tenants have had to dig to live over the last three years. Over the last 12 months, tenants have grown accustomed to turning up to viewings to find lines wrapping around the block. One real estate agent spoke with last week said the current rental situation was the worst she had seen in 20 years for prospective tenants. While annual growth in national property values has gone up and down since 2020, rent values have increased at more than 8 per cent each year in that period, according to just-released figures from property analytics firm CoreLogic. Over the past decade, rents have outpaced home values only three times. https://zurl.co/0ch3