According to recent data, the U.S. housing market saw a slight decline in single-family rent growth compared to the previous year. However, it is important to note that the current levels are still higher than those seen before the COVID-19 pandemic. This indicates that the rental market has maintained its resilience despite the ongoing challenges posed by the global health crisis.

Key points from the data include:

– Single-family rent growth in the U.S. experienced a year-over-year softening in October.
– Despite the decline, the current rent levels remain higher than pre-pandemic levels.
– This data suggests that the rental market has shown resilience in the face of ongoing challenges.

Overall, this information implies that the U.S. rental market has demonstrated a certain degree of stability throughout the pandemic. While year-over-year growth has softened slightly, the fact that rent levels have remained above pre-pandemic levels highlights the enduring demand for single-family rental properties in the country.

You can read this full article at: required)

Note Servicing Center provides professional, fully compliant loan servicing for private mortgage investors so they can avoid the aggravation of servicing their own loans and just relax and get paid. Contact us today for more information.