by Calculated Risk on 12/20/2022 11:39:00 AM
From CoreLogic: Annual US Single-Family Rent Price Growth Falls to Single Digits in October, CoreLogic Reports
“Single-family rents decreased again on a monthly basis in October but were still up year over year,” said Molly Boesel, principal economist at CoreLogic. “While rents typically experience a seasonal decline in October, this year’s decrease was larger than average and could point to prices slowing more sharply than expected in the coming months.”
Click on graph for larger image.
This graph from CoreLogic shows the year-over-year change in rents for several price tiers.
This index was reported to be up 10.2% YoY in September – and is slowing quickly.