Where rent prices declining in the US
01/26/2024 01:48
According to a new Realtor.com report, rent prices are moderating nationwide, but still rising sharply in some metro areas. Realtor.com Chief Economist Danielle Hale joins Yahoo Finance Live to discuss the unevenness in rent trends. Hale notes there has been a "nationwide trend toward rent softening" over the past 8 months, but location remains key. While parts of the South and West are seeing declines, major coastal cities like Boston and New York continue facing increases up to 6%. However, Hale says the overall alleviation in rent pressures could "free up options for people" and provide budget relief to consumers. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Angel Smith
According to a new Realtor.com report, rent prices are moderating nationwide, but still rising sharply in some metro areas. Realtor.com Chief Economist Danielle Hale joins Yahoo Finance Live to discuss the unevenness in rent trends.
Hale notes there has been a "nationwide trend toward rent softening" over the past 8 months, but location remains key. While parts of the South and West are seeing declines, major coastal cities like Boston and New York continue facing increases up to 6%.
However, Hale says the overall alleviation in rent pressures could "free up options for people" and provide budget relief to consumers.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's note: This article was written by Angel Smith