Posted on 10/23/2025 5:24:17 AM PDT by CFW
Rents for single-family residential homes rose just 1.4% in August compared with the year before, according to analytics and data firm Cotality, down from a 2.3% annual gain in July. That’s also much less than the 3% average gain seen last year and is the smallest increase in 15 years.
Rent growth weakened across all price points, continuing a trend that has persisted in the second half of this year. Rents had been strengthening in the first half of this year.
There were, however, strong variations regionally. Chicago saw the highest annual rent growth at 4.7% in August, followed by Los Angeles at 2.8%, Philadelphia at 2.7% and Washington, D.C., at 2.6%.
Dallas saw a 0.6% decline in rent growth, the lowest in the nation. Dallas recently had a surge of new multifamily apartments come onto the market, which is keeping supply higher than demand, Cotality said.
(Excerpt) Read more at cnbc.com ...
The Biden administration underwrote a huge number of construction loans and houses and apartments are still springing up all over my Florida county. Sales have plummeted. Whole apartment buildings are empty. They aren’t being rented because the loans assumed increasing rents. House values are cratering. All because Biden was trying to prop up his numbers. Trump is inheriting the crash.
One cause is office building to rental conversions due to work at home. Supply side economics works — when the socialists and the not-in-my-backyarders can’t block it.
Have you physically seen some of those?
I have not.
It is harder to do than you might think.
I have seen successful office-to-rental conversions in the area where I live, which has a huge glut of empty offices. Yes, conversion can be so expensive that a tear-down is the only alternative, but every addition to supply helps. If the Democrats would end their war on landlords, we’d see even more additions to rental supply and even lower rents.
“Chicago saw the highest annual rent growth at 4.7%”
I thought everyone was trying to get out of Chicago!
Deportations and less border crossers = less demand for housing = lower prices.
I’m pretty shocked at the DC rent growth. With all those gummint workers and illegal aliens, I thought for sure they’d see the first ding since the 1940s.
Not the illegals, they flock there.
The criminals are being deported. Makes the city safer for everyone else. Kinda sucks to have to drive in from Wisconsin or Indiana if you don’t have to.
IF the property is inhabitable. I agree that the overall rent should be more reasonable, but much of what is currently Section 8 in my small town is not going to rent anyway, so the rents charged on livable housing doesn't get affected.
Oh yeah, some states have absolutely absurd rental laws, make it very difficult to be a landlord. Not a great thing if you want “affordable housing”, to use a term our Leftists like.
National numbers on real estate matters NEVER express what is happening in one area or another.
It is silly to report national real estate numbers as if they have some real meaning to where the reader lives. They don’t, unless that locale just happens, by accident, to have local real estate conditions that match national averages or medians.
You can be 100% sure that if the national average rents for single-family residential homes rose just 1.4% in August, that in 1,000s of locales they rose more than 1.4% as well as in 1,000s of locales they rose less than 1.4%.
The national figures NEVER explain any local real estate market. So of what use are they? Zero!!!
The article does O.K. ONLY when it reports on the changes in specific locales. Then again it is too selective on which locales to report on.
Chicago saw the highest annual rent growth at 4.7% in August, followed by Los Angeles at 2.8%, Philadelphia at 2.7% and Washington, D.C., at 2.6%.
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Don’t are all these cities ruled by the radical socialists, who care soo much about affordable housing?
Dallas (rents going down) on the other hand is ruled by an evil Republican who does not care about renter’s sufferings!
lots of people getting rich off this AI/stock market boom...can override any weakness in parts of the labor market.
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