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Housing Market: US: Difference between revisions
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== Rent Developments == | == Rent Developments == | ||
[[File:Screenshot 2023- | [[File:Screenshot 2023-10-11 093734.png|alt=|center|thumb|643x643px|https://www.apartmentlist.com/research/national-rent-data]] | ||
=== September 2023 === | |||
Annual rent growth remains at -1.2 percent, meaning that on average, apartments across the country are 1.2 percent cheaper today than they were one year ago. This is a major deceleration from recent years, when annual rent growth neared 18 percent nationally and soared to over 40 percent in a handful of popular cities.<ref name=":0" /> | |||
* Rents are down 0.5% month-over-month, down 1.2% year-over-year | |||
* Year-to-date, rents are up 2.1 percent and trending slower than every previous year measured by our index, aside from 2020. | |||
* Apartment vacancies have increased for 23 consecutive months, and in September the index hit 6.4 percent, reaching pre-pandemic levels and approaching the pandemic peak set in 2020. | |||
* Rents down month-over-month in 85 of 100 largest cities, down year-over-year in 71 | |||
=== August 2023 === | === August 2023 === | ||