Multifamily Rent Growth
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Homes.com Report: Home Price Growth Picks up in January 2026 as Homebuying Market Normalizes
Businesswire· 2026-02-12 22:23
Core Insights - The nationwide median home sale price increased by 1.3% year-over-year, rising from $370,000 in January 2025 to $374,900 in January 2026, indicating a normalization in the homebuying market [1] - Home price growth averaged 2.8% per year over the past two years, aligning closely with overall inflation, while incomes have grown more rapidly, enhancing home affordability [1] - The housing market shows improved negotiating balance, with a four-month supply of homes and an average of nearly 12 weeks on the market before selling, suggesting neither buyers nor sellers dominate [1] Market Trends - Major markets in the Northeast and Midwest experienced significant home price appreciation, with Philadelphia leading at an 8.6% increase, followed by Baltimore (5.6%), Washington D.C. (4.8%), and Boston (3.7%) [1] - Over 57% of nearly 1,000 tracked markets reported year-over-year price growth in January, contrasting with declines in some Southern and Western cities, notably Raleigh, NC (-4.3%) and Seattle (-3.8%) [1] Company Overview - Homes.com, part of CoStar Group, is the fastest-growing residential real estate marketplace in the U.S., focusing on enhancing marketing for homeowners and agents [1] - The platform reached an audience of 115 million average monthly unique visitors in Q3 2025, with brand awareness increasing from 4% to 33% following a major marketing campaign [1]
Apartments.com Releases Multifamily Rent Growth Report for January 2026
Businesswire· 2026-02-09 14:00
Core Insights - National rent growth in the U.S. showed a positive trend in January 2026, with the average rent increasing to $1,713, reflecting a 0.2% rise from December 2025's revised figure of $1,709 [1] - Annual rent growth slightly decreased to 0.6% in January 2026 from 0.7% in December 2025, and down from 1.5% in January 2025 [1] - Rent growth patterns are influenced by seasonal trends, with January typically building on December's growth [1] Rent Growth Trends - All four U.S. regions experienced month-over-month rent increases in January 2026, with the Midwest leading at 0.27%, followed by the Northeast at 0.21%, the South at 0.17%, and the West at 0.09% [1] - The Midwest also showed the strongest annual performance with a 2.1% increase, while the South and West experienced declines of 0.2% and 1.5% year-over-year, respectively [1] Market Performance - 42 out of the top 50 U.S. markets reported rent increases in January 2026, a significant improvement from 25 markets in December [1] - San Francisco led with a monthly rent growth of 1.07%, while Oklahoma City saw the steepest decline at -0.17% [1] Supply and Demand Dynamics - Elevated supply pressures continue to impact rent growth, with markets experiencing the highest levels of new construction showing weaker rent performance [1] - Areas with constrained supply, particularly in the Midwest and select coastal regions, are outperforming those with oversupply [1] Company Overview - CoStar Group, the parent company of Apartments.com, is a leader in commercial real estate information and analytics, dedicated to transforming the real estate industry through innovative technology [1]
Apartments.com Releases Multifamily Rent Growth Report for November 2025
Businesswire· 2025-12-08 14:54
Core Insights - U.S. apartment rents declined in November 2025, with the national average falling to $1,706, a 0.18% decrease from October's revised figure of $1,709, marking the steepest November decline in over 15 years [2] - Annual rent growth slowed to 0.7%, down from 0.8% in October and 1.5% at the start of the year, indicating a continued trend of flat or negative rent changes [2][3] Rent Trends - All regions experienced rent declines for the fourth consecutive month, with the West leading at -0.4%, followed by the South at -0.2%, the Northeast at -0.1%, and the Midwest at -0.01% [4] - The Midwest showed the strongest annual performance with a growth of +2.2%, while the West saw a decline of -1.5% year-over-year [4] Market Performance - Metro-level performance was weak, with only seven markets posting positive rent changes, including Louisville, Kansas City, and Norfolk, each with gains of +0.1% [5] - The steepest monthly declines were observed in Las Vegas (-0.8%), San Antonio, Austin, and Denver (-0.7%), indicating elevated vacancy rates due to aggressive new supply [6] Supply and Demand Dynamics - Markets with high levels of new construction are experiencing the weakest rent performance, while supply-constrained metros, particularly in the Midwest and select coastal areas, continue to outperform [8] - A substantial inventory overhang is still impacting rent growth across the country, despite many markets moving past peak supply [9]
Apartments.com Releases Multifamily Rent Growth Report for September 2025
Businesswire· 2025-10-09 21:30
Core Insights - U.S. apartment rents experienced a decline in September 2025, with the national average dropping to $1,712, representing a 0.3% decrease from August's revised figure of $1,717 [1] - This decline marks the third consecutive month of either flat or negative rent changes, indicating a potential trend in the multifamily rental market [1] - The September decline is noted as the steepest in over 15 years, highlighting significant shifts in rental pricing dynamics [1] Rent Trends - The national average rent of $1,712 reflects a notable decrease compared to previous months, emphasizing a broader trend of declining rents in the multifamily sector [1] - The report indicates that annual rent growth has slowed, suggesting potential challenges for landlords and investors in the multifamily market [1]