At the end of winter, the U.S. multifamily market showed steady performance despite economic uncertainty. The average advertised asking rent rose to $1,751, with a 1.2% year-over-year increase, while occupancy remained at 94.5%. Rent growth varied regionally, with New York leading at 5.6%. Challenges for rent growth in March include high supply and new economic policies. Multifamily supply is expected to...
February 2025
Home prices in the U.S. rose by 3.4% year-over-year in December 2024, with a slight month-over-month increase of 0.03%. The CoreLogic forecast predicts a 0.2% drop in prices from December 2024 to January 2025, followed by a 4.1% increase by December 2025. Despite improved housing supply, buyer demand remains low, affecting price growth. The median sales price for single-family homes reached $390,000....