Rents Drop Year-Over-Year for the First Time Since 2012

  • Because of a small decline earlier this year, the median rent nationwide is now down 0.2 percent from September 2017 – about $3 a month.
  • Rents last turned down in July 2012, then climbed steadily to peak growth of 6.6 percent in July 2015.
  • After reaching recovery-era peak growth of 8 percent year-over-year growth in March, April and June of this year, home value growth now has slowed for three months in a row. Home values rose 7.6 percent year-over-year in September, to a U.S. median of $220,100.

Continue reading “Rents Drop Year-Over-Year for the First Time Since 2012”