Skip to main content

Single-Family Rent Prices Up 2.9 Percent

Apr 16, 2019
ingle-family rents increased by 2.9 percent year-over-year in February, according to new data from CoreLogic

Single-family rents increased by 2.9 percent year-over-year in February, according to new data from CoreLogic. This is slightly higher than the 2.7 percent year-over-year- increase recorded in February 2018.
National rent growth was mostly fueled in February by low-end rentals in February, which saw a 3.7 percent year-over-year uptick during February; one year earlier, the annualized increase was 3.6 percent. High-end rentals recorded a 2.4 percent year-over-year increase in February, compared to 2.3 percent in February 2018.
Among the nation’s 20 largest metro areas, Phoenix had the highest year-over-year increase in single-family rents in February at eight percent, followed by Las Vegas at 7.1 percent and Tucson, Ariz., at 6.5 percent. Miami experienced the lowest rent increase among the major metro areas with a 1.2 percent rise.
“As with the for-sale market, supply of single-family rentals saw very low levels in February, putting upward pressure on the cost of both for-sale and for-rent homes,” said Molly Boesel, Principal Economist at CoreLogic. “Phoenix had rapid rent increases in February with only 1.9 months of single-family rentals available. On the other hand, Miami, which had the slowest rent increases, had 7.6 months of single-family rentals available.”

About the author
Apr 16, 2019
Maximum Acceleration, Originator Connect Network Sign Exclusive CE Agreement

Pact gives OCN guaranteed live CE at shows, creates nationwide opportunity for Maximum Acceleration

Apr 17, 2024
CMG Acquires Norcom Mortgage's Retail Side

The 25-branch addition will enhance CMG’s northeastern presence from Maryland to Maine.

Apr 12, 2024
CFPB Weighs Title Insurance Changes

The agency considers a proposal that would prevent home lenders from passing on title insurance costs to home buyers.

NEXA Begins Search For New CFO

NEXA CEO retires the president position after Mat Grella's termination.

Apr 01, 2024
Co-Founder Mat Grella Terminated From NEXA

NEXA CEO Kortas states negotiations regarding the buyout will continue.

Mar 27, 2024
Comings And Goings At AmeriHome

Chief Operating Officer John Hedlund announced his retirement on Thursday in a LinkedIn post.

Mar 22, 2024