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2024 Annual Rental Housing Report Key Takeaways

Rental Choice

However, rent growth for apartments with professional management fell during the third quarter (Q3) of 2023. Only 1% of the markets reported a rent growth of 10% in Q3 of 2023. This slowing demand has stabilized the rental market after 18 months of turbulence. It dropped from 15.3% to just 0.4%.

Apartment 130
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7 Must-Know Trends in Single-Family Rentals for 2024

Propertyware

2023 was another rocky year for the housing market. Rental market trends were driven largely by inflation, shifting demographics, scarcity in housing, and a rise in the cost of just about everything. In 2023, as Americans chose to delay homeownership and opted to rent, single family-rental REITs outperformed other REITs.