US Multifamily Rent Growth Just Slowed | GlobeSt

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U.S. Multifamily Rent Growth Slows Down. By. was one of only two Mays in the last six years in which year-to-date rent growth fell below 2%.

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Housing Sales slumped 8.5% from one year ago, the lowest sales since 2015. Prices still rose another 2.8% to a median of $247,500 nationwide. The real story was the drop in lower priced homes as depicted in this graphic from NAR. With low mortgage rates, it’s believed sales will once again grow. 60,000 more homes were on the market.

Number of Gen Zers with mortgages doubles. Gen Z is taking a growing part in the consumer credit market and wading into mortgages, said a new report from TransUnion.

tells GlobeSt.com. “We’ve absorbed the first round but are anticipating round two. Rents are the highest we’ve ever seen and we would like to absorb the rest of it.” Indeed, above-average rent growth.

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