Aside from the onset of the COVID-19 pandemic, the month-over-month decline was the biggest drop in rent prices since 2010. Rent remains up 7.6% year over year, but the market is softening
Despite its balancing out, the market remains far from homebuyer-friendly with buyers paying 75% percent more on the typical mortgage payments than in 2019, according to Zillow
The jump in May was still well above the historical average, but it was the first time in 14 months that it hadn't accelerated over the month before
In Boston, rental prices have made such a resurgence that they could surpass legendarily high rent costs in San Francisco, according to recent data from Zumper
Rent for a single-family home grew by 5.3% across the country in April, according to the latest report from CoreLogic
Widespread unemployment has not managed to dampen rent growth in most parts of the country
Rent for a single-family home grew by 2.5% in September, the largest increase since March
In August, rent prices rose 2.1% across the US, the first time prices rose more than 2% since the start of the pandemic