Seattle and Sun Belt cities experienced the largest decreases in median rent prices in April, attributed to increased housing supply. Conversely, the Midwest and Northeast saw significant rent increases due to slowed residential construction and high demand. Seattle had the biggest annual drop in rent, followed by various Sun Belt cities, while Minneapolis and Chicago witnessed notable rent increases. Among the nation's 20 largest cities, Seattle had the highest annual increase in single-family rents at 6.3%, with New York and Boston following closely. Austin, Miami, and New Orleans reported declines in rent prices.
•In the nation's 20 largest cities, Seattle reported the highest annual increase in single-family rents at 6.3%, followed by New York at 5.3% and Boston at 5.2%. •On the decline were Austin, Texas with a 3.5% decrease, Miami with a 3.2% drop, and New Orleans, falling 1.4%. https://t.co/E1JXAbVz2o
Rents Are Plunging In These Major U.S. Cities https://t.co/9bSRBYT3tS
Seattle marked the largest annual drop in rent in April, followed by a slew of Sun Belt cities, while Minneapolis and Chicago saw the biggest rent increases. https://t.co/OYvhXPHZkt
Here are the cities where rents are rising and falling fast: https://t.co/ObaKojqODR https://t.co/BUf4J6zdrI
Rents in Seattle and Sun Belt cities dropped the most in April due to increased housing supply, whereas the Midwest and Northeast saw sharp rent increases as residential construction dulled and demands were buoyed, according to Redfin. https://t.co/23CNEx3IcL https://t.co/QrB7sAxpNU
Can you guess where the median rent price DECREASED most year over year in April 📉