Rents across the U.S. grew for the first time in 6 months — only Arizona saw price drops in every metro
Publishing timestamp: 2024-03-28 10:57:09
Summary
Rent prices increased in March, reflecting seasonal patterns and supply and demand. Some markets are cooling more than others, with prices in Sun Belt and inner mountain areas coming down. While prices are up overall, some metro areas saw declines. Arizona is an example of rent decreases. More supply in Sun Belt and intermountain region is expected to keep rent prices down, while Midwestern and Northeast markets are undersupplied, pushing rent prices upward.
Sentiment: NEUTRAL
Tickers: TREE,
Keywords: lendingtree inc, business news, new york city, housing rental, prices, investment strategy, real estate, united states, breaking news: investing, housing, personal finance,
Source: https://www.cnbc.com/2024/03/28/rent-prices-across-the-us-grew-in-march-with-one-exception.html