Rental Market

The median U.S. asking rental price saw an annual 0.8% increase in May to $1,653, marking the highest level since October 2022, sustaining an upward trend driven by robust demand and constrained supply. This is the second consecutive month of rent increases following nearly a year of declines,...

After a few years of slim pickings, homebuyers will likely have more options in 2024 as homeowners accept that mortgage rates aren't falling any time soon. But prices will remain high, keeping pressure on the rental market to cater to families who will be renting for longer, according to Zillow. "I...