Nearly Every U.S. Metro Has Higher Rental Prices than Pre-Pandemic, Despite Months of Declines [Yahoo! Finance]
News Corporation - Class B (NWS)
US:NASDAQ Investor Relations:
investors.newscorp.com/investor-relations
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Source: Yahoo! Finance
Markets most at risk from the impact of tariffs: Milwaukee Oklahoma City ; Memphis, Tenn.; Cleveland Columbus, Ohio Atlanta Cincinnati Birmingham, Ala. ; and San Diego AUSTIN, Texas April 16, 2025 /PRNewswire/ -- For the 20th consecutive month rents declined in March, and the median asking price for rent in the 50 largest metros is now lower than the 2022 peak, standing at according to the Realtor.com ® March Rent Report . While rents have been declining for nearly two years due in large part to new multifamily inventory, new tariffs could have impacts on metros where multi-family permitting activity is growing the fastest, jeopardizing rent declines. "While the median asking rent is down monthly or over annually, in nearly every major U.S. metro rents are still considerably higher than 2019," said Joel Berner , senior economist at Realtor.com ® . "We have seen declines in rents largely due to robust multi-family building and permitting adding more rental options in many metros.
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