Single family rent growth was up 5.3%, the highest increase in 15 years, according to the latest CoreLogic Single-Family Rent Index.
Strong rent growth this year will continue as supply shortages in the for-sale housing market and ongoing demographic pressure from aging millennials persist, the company's analysts said.
The rate of increases slowed in 2020, but even when compared with 2019, rent growth is running above pre-pandemic levels, CoreLogic noted.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
