by Calculated Risk on 3/06/2024 12:37:00 PM

Today, in the Real Estate Newsletter: Asking Rents Mostly Unchanged Year-over-year

Brief excerpt:

Here is a graph of the year-over-year (YoY) change for these measures since January 2015. Most of these measures are through January 2024, except CoreLogic is through December and Apartment List is through February 2024.

The CoreLogic measure is up 2.8% YoY in December, up from 2.7% in November, and down from a peak of 13.9% in April 2022.

The Zillow measure is up 3.4% YoY in January, mostly unchanged from 3.4% YoY in December, and down from a peak of 16.0% YoY in February 2022.

The ApartmentList measure is down 1.0% YoY as of February, mostly unchanged from -0.9% in January, and down from a peak of 18.2% YoY November 2021.
...
The YoY change in OER and in PCE housing have peaked, but will stay elevated for some time, even though asking rent growth has mostly flattened YoY.

There is much more in the article.