CoreLogic: US Annual Rent Growth Declined for 10th Straight Month in February
All tracked U.S. metro areas saw single-digit annual rental price growth in February, ranging from 7.8% to 0.3%.
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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.
All tracked U.S. metro areas saw single-digit annual rental price growth in February, ranging from 7.8% to 0.3%.
Annual home price growth dropped to 4.4% in February, the lowest since before the COVID-19 pandemic.
U.S. mortgage delinquency and foreclosure rates continued to hold near record lows in January.
Rent growth cooled again year over year in January, with all 20 metros posting single-digit gains.
Annual U.S. home equity gains continued to slide during the fourth quarter of 2022 and declined substantially since the first quarter.
Home price gains kept falling in January 2023, down to 5.5% nationwide.