from CoreLogic
The Single-Family Rent Index (SFRI), which analyzes single-family rent price changes nationally and across major metropolitan areas, for February 2021 shows a national rent increase of 3.9% year over year, up from a 3% year-over-year increase in February 2020.
As families continue to seek out more space and face housing affordability concerns, high demand and low rental supply inventory have led to rising rental prices across almost every price tier. After growing about 3% annually since mid-2018, rent growth slowed in the spring of 2020 but bounced back in three of the four tiers to exceed the pre-pandemic growth rate beginning in October 2020. However, rent price growth of the low-price tier continues to lag behind that of high-priced rentals, reflecting the uneven U.S. job recovery, sometimes called a K-shaped recovery, seen throughout the country. Rent growth in the low-price tier remains below pre-pandemic levels as the recession continues to disproportionately
January 2021 Loan Performance: Delinquency Rates Fall for Fifth Consecutive Month The Lowest Levels Seen Since the Start of the Pandemic
econintersect.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from econintersect.com Daily Mail and Mail on Sunday newspapers.
Home Equity Continues to Soar: Homeowners Gained Over $1 5 Trillion in Equity in 2020, CoreLogic Reports
apnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from apnews.com Daily Mail and Mail on Sunday newspapers.