Market update May 2024: Rents cooling, still in hot demand
Until the Fed cuts interest rates and housing supply catches up with demand, home sale and rent prices will likely remain high for the foreseeable future.
The housing supply shortage is contributing to the high home and rent prices, and slow housing starts mean that it is likely to continue.
More rental market headlines
HUD issues Fair Housing Act guidance on AI use – Multifamily Executive
US to cap rent raise for some affordable housing units – Reuters
Rental property manager expands, looking to serve ‘accidental’ single-family landlords – CoStar
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