There are plenty of ways to interpret it, but only one way to read it: Single-family rent growth continues to slide.
U.S. single-family rents posted a 3.1% year-over-year gain in July, the 15th consecutive month of deceleration but in line with pre-pandemic trends, according to a new report from CoreLogic.
St. Louis was tops in the US in year-over-year rent growth in July, at 7.3%. Three metros saw annual rent declines from July 2022: Las Vegas (-1%), Miami (-0.6%) and Austin, Texas (-0.5%), according to its Single-Family Rent Index (SFRI), which analyzes single-family rent price changes nationally and across major metropolitan areas.
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