- New Developments
Although rental prices continue to rise, we are seeing the pace begin to slow as record low mortgage rates pull more consumers from the rental market into the purchase market. Rents in the luxury rental market continued to outpace the overall market and the number of new rentals continued to rise. Listing inventory is low and the vacancy rate is still falling. We anticipate rents to remain high throughout the year as tight mortgage underwriting and an improving regional economy will keep the pressure on.
Produced in conjunction with Miller Samuel, a leading independent appraisal firm, our market report series is the benchmark for residential real estate market information and an essential reference source for consumers, the media, financial institutions, government agencies, researchers and other market professionals. Each report provides an analysis of price and sales trends as well as many other metrics to give readers an idea of current conditions as well as historical and emerging market trends.
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