for mid-priced, three-star assets, rent growth remained positive at 1.3% and net absorption shot up

A double whammy of declining home values and rising taxes propelled the increase in effective tax rates.

In million-dollar cities median home values shot up 4.6% compared to a year ago

More affordable markets in the Midwest and Northeast grew in popularity as once-frenzied Southern markets cooled off

Data from 341 counties with a population of at least 100,000 shows rents rose more than home prices in 63% of them

The annual uptick in U.S. foreclosure activity hints at shifting dynamics within the housing market

The AIMI ended up higher for the full year 2023 -- even though it dropped in 4Q 2023

The upturn in February 2024 is even more welcome when compared to the preceding February when asking rents hit a low point