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US Single-Family Rents Up 2.8 Percent Year Over Year in June

Aug 21, 2017 11:34:34 AM

  • National rent growth decelerated in June 2017 compared with June 2016
  • Low-end rent growth more than doubled high-end rent growth
  • Orlando had the highest year-over-year rent growth in Q2

Single-family rents, as measured by the CoreLogic Single-Family Rental Index (SFRI), climbed steadily between 2010 and 2016. However, the index shows year-over-year rent growth has decelerated slowly (Figure 1) since February 2016, when it peaked at a 4.4 percent. As of June 2017, single-family rents increased 2.8 percent year over year, a 1.6 percentage point decline since the February 2016 peak. The index measures rent changes among single-family rental homes, including condominiums, using a repeat-rent analysis to measure the same rental properties over time. Read More

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