Why Rents Will GO UP in 2024! Rents STILL Increasing Nationally
Автор: Talk About Houses
Загружено: 2023-11-05
Просмотров: 2135
Rents went up again in 2023 and data suggests they will keep going in 2024. Rents have increased 30% since 2020 but have slowed down to historical growth rates mostly due to high interest rates slowing the economy and cooling inflation. Rents will likely follow home prices as forecast home values are similar to forecast rent prices.
Miami had the highest rent increase of 51% and Las Vegas was about 30%. Both cities had slight rent declines in 2023 (less than 1%) and both are likely to continue to see rents increase over the next 5-10 years as they have done for the last decade both being high growth cities.
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