Rent Price Growth Slows for 3rd Consecutive Month in July - Real Estate Investing Today
Rent Price Growth Slows for 3rd Consecutive Month in July - Real Estate Investing Today
Abstract
CoreLogic’s latest Single-Family Rent Index (SFRI), U.S. single-family rent prices were up by 12.6% in July year over year, with the gains continuing to slow from the historic high recorded in April, 2022. Corelogic says there is similar price growth relaxation in most major metro areas tracked in their SFRI, including popular Sun Belt cities that have seen rental costs skyrocket. However, higher interest rates this year increased monthly mortgage payments for new loans, and potential homebuyers may choose to continue renting rather than buy, helping keep price increases in check.
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According to CoreLogic’s latest Single-Family Rent Index (SFRI), U.S. single-family rent prices were up by 12.6% in July year over year, with the gains continuing to slow from the historic high recorded in April, 2022. CoreLogic says there is similar price growth relaxation in most major metro areas tracked in their SFRI, including popular Sun Belt cities that have seen rental costs skyrocket. “July marked the third month of slower annual gains in single-family rents…However, higher inte...
According to CoreLogic’s latest Single-Family Rent Index (SFRI), U.S. single-family rent prices were up by 12.6% in July year over year, with the gains continuing to slow from the historic high recorded in April, 2022. CoreLogic says there is similar price growth relaxation in most major metro areas tracked in their SFRI, including popular Sun Belt cities that have seen rental costs skyrocket. “July marked the third month of slower annual gains in single-family rents…However, higher inte...
The latest house price data published by HM Land Registry (HMLR) for March 2022 has shown that average house prices in the UK increased by 9.8% in the year to March 2022, down from 11.3% in the year to February 2022. March 2022 saw UK house price growth slow to 9.8% Annual house price rates of change for all dwellings, UK, January 2006 to March 2022 Because of the impact of COVID-19 on both the number and supply of housing transactions, we might see larger revisions to the published UK House P...
The latest house price data published by HM Land Registry (HMLR) for March 2022 has shown that average house prices in the UK increased by 9.8% in the year to March 2022, down from 11.3% in the year to February 2022. March 2022 saw UK house price growth slow to 9.8% Annual house price rates of change for all dwellings, UK, January 2006 to March 2022 Because of the impact of COVID-19 on both the number and supply of housing transactions, we might see larger revisions to the published UK House P...
As mortgage rates rose in August, cutting into buyers' purchase power, home price growth decelerated further.
The post Home price growth slows further in August appeared first on HousingWire.
As mortgage rates rose in August, cutting into buyers' purchase power, home price growth decelerated further.
The post Home price growth slows further in August appeared first on HousingWire.
Still, the region's multifamily real estate market remains relatively strong amid continued high demand and rising interest rates, according to a new Colliers report.
Still, the region's multifamily real estate market remains relatively strong amid continued high demand and rising interest rates, according to a new Colliers report.
Annual home-price growth continued to slow in July, with year-over-year price gains shrinking for the fourth consecutive month, according to the S&P CoreLogic Case-Shiller National Home Price Index, released Tuesday. Nationwide home prices posted a yearly gain of 15.8% in July, bringing the index to a reading of 307.45. In June, the index saw a […]
The post Home-price growth slowed further in July appeared first on HousingWire.
Annual home-price growth continued to slow in July, with year-over-year price gains shrinking for the fourth consecutive month, according to the S&P CoreLogic Case-Shiller National Home Price Index, released Tuesday. Nationwide home prices posted a yearly gain of 15.8% in July, bringing the index to a reading of 307.45. In June, the index saw a […]
The post Home-price growth slowed further in July appeared first on HousingWire.
Amid recent reports of a cooling market, the rapid acceleration of home prices showed signs of further moderation in May, according to data from the Federal Housing Finance Agency.The FHFA’s Home Price Index, which measures price changes through the analysis of data from all 50 states and over 400 cities, increased on a year-over-year basis by 18.3% in May and by 1.4% from the previous month. While still elevated, the rate of growth slowed from 18.8% between May 2020 and May 2021 and a downwa...
Amid recent reports of a cooling market, the rapid acceleration of home prices showed signs of further moderation in May, according to data from the Federal Housing Finance Agency.The FHFA’s Home Price Index, which measures price changes through the analysis of data from all 50 states and over 400 cities, increased on a year-over-year basis by 18.3% in May and by 1.4% from the previous month. While still elevated, the rate of growth slowed from 18.8% between May 2020 and May 2021 and a downwa...
Home price growth moderated slightly in the second quarter from three months prior, and is likely to continue trending downward as buyers react to affordability concerns, Fannie Mae said.The government-sponsored enterprise's latest quarterly Home Price Index found single-family values increased at an annualized rate of 19.4%, the second highest on record. That is down from an upwardly revised 20.5% for the first quarter.For the same period last year, the Fannie Mae HPI was 17.3%."Home prices ma...
Home price growth moderated slightly in the second quarter from three months prior, and is likely to continue trending downward as buyers react to affordability concerns, Fannie Mae said.The government-sponsored enterprise's latest quarterly Home Price Index found single-family values increased at an annualized rate of 19.4%, the second highest on record. That is down from an upwardly revised 20.5% for the first quarter.For the same period last year, the Fannie Mae HPI was 17.3%."Home prices ma...
Home price growth slowed in May, but housing is the least affordable it has been since the mid-1980s, according to Black Knight.
The post Home price growth slows but affordability pressures remain: Black Knight appeared first on HousingWire.
Home price growth slowed in May, but housing is the least affordable it has been since the mid-1980s, according to Black Knight.
The post Home price growth slows but affordability pressures remain: Black Knight appeared first on HousingWire.
CNBC's Diana Olick reports on August's pending homes sales data.
CNBC's Diana Olick reports on August's pending homes sales data.
Rental information site Zumper recently released their latest monthly National Rent Report showing that their median national rent for 1-bedroom apartments in July, 2022 was $1,450 (up 2% from June) and the median two-bedroom rent was $1,750 (up 2% from June). Be sure to check out their list of the top 100 metro areas. “Rent prices will keep climbing across much of the country, but the stratospheric price hikes we saw throughout much of the pandemic will likely slow as consumers continue to...
Rental information site Zumper recently released their latest monthly National Rent Report showing that their median national rent for 1-bedroom apartments in July, 2022 was $1,450 (up 2% from June) and the median two-bedroom rent was $1,750 (up 2% from June). Be sure to check out their list of the top 100 metro areas. “Rent prices will keep climbing across much of the country, but the stratospheric price hikes we saw throughout much of the pandemic will likely slow as consumers continue to...