Annual US Single-Family Rent Growth Slows Again in June, CoreLogic Reports
Although U.S. rent growth continued to ease year over year in June, it remains near its long-term, pre-pandemic level.
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The Office of the Chief Economist works on critical research and insights to gauge the temperature of the housing market as a whole. From home price analyses to home equity, from loan performance to single family rent evaluations, they keep tabs on the movement and fluctuation of bellwether metrics that can inform the trajectory of the housing economy–and consequently affect the homeowners who participate in it.
Although U.S. rent growth continued to ease year over year in June, it remains near its long-term, pre-pandemic level.
U.S. home price growth continued to drop on an annual basis in June but is projected to begin regaining momentum later this year.
The U.S. overall mortgage delinquency rate again dropped to an all-time low in May.
U.S. single-family rent growth dropped to 3.4% in May, with Chicago posting the nation’s largest gain.
U.S. annual home price growth dropped to the lowest level in 11 years in May, though monthly gains are bouncing back.
Although nearly a dozen states saw overall mortgage delinquencies rise year over year in April, U.S. home loan performance remains very strong.