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Since the economic impact of the COVID-19 pandemic began to be felt in March 2020, rental markets across the country have seen rents either hold steady or slowly increase year-over-year. In June 2021, this trend has continued, with single-family rents growing by 3.3% year over year.
After the rent increases seen in the summer and autumn of 2020, this latest report is the lowest year-over-year gain since then. Growth is still above last March’s level, but Down from a high of 6.3% in November 2020, when most states were still facing widespread restrictions to curb the spread of the pandemic.
The most important elements of the text:
• Single-family rents grew by 3.3% year over year in June 2021
• Lowest gain since Autumn 2020
• Growth is above last March’s level, but down from a high of 6.3% in November 2020
• Widespread restrictions were still in place to curb the spread of the pandemic
You can read this full article at: https://www.housingwire.com/articles/single-family-rent-increases-3-3-year-over-year-in-june-corelogic/(subscription required)
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