Commercial Lending

Single-Family Rent Growth Tumbles to Decade Low

Rent growth for single-family homes has skidded to its lowest level in a decade, according to a recent report from Corelogic. So reports CNBC.

U.S. single-family rents increased a mere 1.7% in May, according to Corelogic. These 12 million rental homes were seeing almost twice as much growth a year ago.

“With unemployment rates predicted to remain high through the end of the year, we can expect to see further easing in rent growth as the economy struggles this year,” Corelogic economist Mary Boesel said.

Read the full article from CNBC

Related Content

Are Renters Shifting Toward the Suburbs?

Commercial Property Biz Seeks $300B Federal Equity Infusion

Commercial Real Estate Deals ‘Dismal’ In May

click me