Now Might Be a Good Time to Rent Rather Than Buy a Home
December 8, 2022
For most of the pandemic, renters suffered just as much as home buyers, with rents jumping along with home prices.
For most of the pandemic, renters had it just as bad as home buyers, with rents soaring in sync with home prices.
But good news is starting to emerge for renters. Apartment rents slid 0.59% in November, according to RealPage, which provides services for owners of rental properties.
That annualizes to 7.3% and represents the third biggest monthly decline since 2010. It was exceeded only in April and May of 2020, when the covid pandemic began raging.