CoreLogic reported last week that the annual US single-family rent growth continue its downward slide in March, dipping to 4.3%, the 11th straight month of year-over-year deceleration. All tracked markets fell, YoY.
The range of annual rental price gains was 7.7% in Charlotte to 0.4% in Seattle. Las Vegas and Phoenix saw annual rental cost declines in March of -0.2% apiece.
How significant is the cooling? It was well below the 25% to 41% YoY gains recorded for top metros in March 2022 as measured by the CoreLogic Single-Family Rent Index, which analyzes single-family rent price changes nationally and across major metropolitan areas.
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