{"id":4231,"date":"2024-01-02T23:43:35","date_gmt":"2024-01-03T06:43:35","guid":{"rendered":"https:\/\/cbs26.com\/index.php\/2024\/01\/02\/us-single-household-rent-growth-eased-in-october\/"},"modified":"2024-01-02T23:43:35","modified_gmt":"2024-01-03T06:43:35","slug":"us-single-household-rent-growth-eased-in-october","status":"publish","type":"post","link":"https:\/\/cbs26.com\/index.php\/2024\/01\/02\/us-single-household-rent-growth-eased-in-october\/","title":{"rendered":"US single-household rent growth eased in October"},"content":{"rendered":"<div>\n<p>U.S. single-household rent growth softened 365 days-over-365 days in October, but remained above pre-pandemic levels.<\/p>\n<p>Rental costs were up by 2.5% yearly in October, cooling from 2.6% annual growth in <a href=\"https:\/\/www.housingwire.com\/articles\/us-annual-rent-growth-slows-for-the-17th-straight-month-in-september-corelogic\/#:~:text=Forthesecategories%2Crent%2Dgrowth,up2.3%25versus10.6%25.\" target=\"_blank\" rel=\"noreferrer noopener\">September<\/a>. It was as soon as the finest drop between September and October in bigger than a decade. Rent growth was as soon as also the lowest since the summer season of 2020. That&rsquo;s in step with <a href=\"https:\/\/www.housingwire.com\/tag\/corelogic\/\"><strong>CoreLogic<\/strong><\/a>&rsquo;s Single-Family Rent Index (SFRI), which analyzes single-household rent stamp modifications nationally and proper by main metropolitan areas.<\/p>\n<p>&ldquo;Whereas slowing rent growth is welcome data for tenants, affordability has suffered proper by the final few years, with median <a href=\"https:\/\/www.housingwire.com\/tag\/single-family-rentals\/\" target=\"_blank\" rel=\"noreferrer noopener\">single-household<\/a> rents rising by about $500 nationally since February 2020,&rdquo; Molly Boesel, principal economist for CoreLogic, acknowledged in a assertion.<\/p>\n<p>Cumulative will enhance proper by the nation enjoy registered almost 30% since February of 2020.<\/p>\n<figure><img records-attachment-id=\"423226\" records-permalink=\"https:\/\/www.housingwire.com\/articles\/us-single-household-rent-growth-eased-in-october\/corelogic_sfri_figure1_oct-2023\/\" records-orig-file=\"https:\/\/www.housingwire.com\/wp-utter material\/uploads\/2024\/01\/CoreLogic_SFRI_Figure1_OCT-2023.jpg\" records-orig-dimension=\"1636,1200\" records-comments-opened=\"1\" records-image-meta=\"{\" aperture ranking records-image-title=\"CoreLogic_SFRI_Figure1_OCT-2023\" records-image-description records-image-caption records-medium-file=\"https:\/\/www.housingwire.com\/wp-utter material\/uploads\/2024\/01\/CoreLogic_SFRI_Figure1_OCT-2023.jpg?w=300\" records-vast-file=\"https:\/\/www.housingwire.com\/wp-utter material\/uploads\/2024\/01\/CoreLogic_SFRI_Figure1_OCT-2023.jpg?w=1024\" decoding=\"async\" width=\"1636\" high=\"1200\" src=\"https:\/\/www.housingwire.com\/wp-uttermaterial\/uploads\/2024\/01\/CoreLogic_SFRI_Figure1_OCT-2023.jpg?w=1024\" alt=\"CoreLogic_SFRI_Figure1_OCT-2023\"><\/figure>\n<p>CoreLogic examined four tiers of condo costs: decrease-priced (75% or no longer as much as the regional median); decrease-middle priced (75% to 100% of the regional median); increased-middle priced (100% to 125% of the regional median) and increased-priced (125% or bigger than the regional median). The records company also analyzed two property kinds: connected versus silent properties.<\/p>\n<p>For these lessons, rent-growth modifications in October 2023 over October 2022 were:<\/p>\n<ul>\n<li>Lower-priced: Rent growth was as soon as down 3.3% versus 11%.<\/li>\n<li>Lower-middle priced: Rent growth was as soon as down&nbsp; 3% versus 9.8%.<\/li>\n<li>Greater-middle priced: Rent growth was as soon as down 2.6% versus 8.8%.<\/li>\n<li>Greater-priced: Rent growth was as soon as down 1.8% versus 7.4%.<\/li>\n<\/ul>\n<p>Meanwhile, connected single-household <a href=\"https:\/\/www.housingwire.com\/tag\/rent-prices\/\" target=\"_blank\" rel=\"noreferrer noopener\">rent costs<\/a> grew by 3% 365 days over 365 days in October; silent rents grew by 2.1%.<\/p>\n<p>San Diego posted the quickest 365 days-over-365 days lengthen in single-household rents in October 2023 at 5.2%. Meanwhile, St. Louis posted the 2d-highest annual assemble at 5%, adopted by Boston and Fresh York, every at 4.7%. <a href=\"https:\/\/www.housingwire.com\/tag\/austin\/\" target=\"_blank\" rel=\"noreferrer noopener\">Austin<\/a> and Miami posted the finest annual declines at -2.1% and&nbsp;-1%, respectively. Rent growth remained flat in Phoenix.<\/p>\n<figure><img records-attachment-id=\"423227\" records-permalink=\"https:\/\/www.housingwire.com\/articles\/us-single-household-rent-growth-eased-in-october\/corelogic_sfri_figure2_oct-2023-1806x2048-1\/\" records-orig-file=\"https:\/\/www.housingwire.com\/wp-utter material\/uploads\/2024\/01\/CoreLogic_SFRI_Figure2_OCT-2023-1806x2048-1.jpg\" records-orig-dimension=\"1806,2048\" records-comments-opened=\"1\" records-image-meta=\"{\" aperture ranking records-image-title=\"CoreLogic_SFRI_Figure2_OCT-2023-1806&times;2048-1\" records-image-description records-image-caption records-medium-file=\"https:\/\/www.housingwire.com\/wp-utter material\/uploads\/2024\/01\/CoreLogic_SFRI_Figure2_OCT-2023-1806x2048-1.jpg?w=265\" records-vast-file=\"https:\/\/www.housingwire.com\/wp-utter material\/uploads\/2024\/01\/CoreLogic_SFRI_Figure2_OCT-2023-1806x2048-1.jpg?w=903\" decoding=\"async\" width=\"1806\" high=\"2048\" src=\"https:\/\/www.housingwire.com\/wp-uttermaterial\/uploads\/2024\/01\/CoreLogic_SFRI_Figure2_OCT-2023-1806x2048-1.jpg?w=903\" alt=\"CoreLogic_SFRI_Figure2_OCT-2023-1806x2048-1\"><\/figure>\n<\/div>\n<p><a href=\"https:\/\/www.housingwire.com\/articles\/us-single-family-rent-growth-eased-in-october\/\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.S. single-household rent growth softened 365 days-over-365 days in October, but remained above pre-pandemic levels. Rental costs were up by 2.5% yearly in October, cooling from 2.6% annual growth in September. It was as soon as the finest drop between September and October in bigger than a decade. Rent growth was as soon as also<\/p>\n","protected":false},"author":1,"featured_media":4232,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[962,961],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>US single-household rent growth eased in October - CBS26 Arizona<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cbs26.com\/index.php\/2024\/01\/02\/us-single-household-rent-growth-eased-in-october\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"US single-household rent growth eased in October - CBS26 Arizona\" \/>\n<meta property=\"og:description\" content=\"U.S. single-household rent growth softened 365 days-over-365 days in October, but remained above pre-pandemic levels. Rental costs were up by 2.5% yearly in October, cooling from 2.6% annual growth in September. It was as soon as the finest drop between September and October in bigger than a decade. Rent growth was as soon as also\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cbs26.com\/index.php\/2024\/01\/02\/us-single-household-rent-growth-eased-in-october\/\" \/>\n<meta property=\"og:site_name\" content=\"CBS26 Arizona\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CBSNews\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-03T06:43:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.housingwire.com\/wp-uttermaterial\/uploads\/2024\/01\/CoreLogic_SFRI_Figure1_OCT-2023.jpg?w=1024\" \/>\n<meta name=\"author\" content=\"cbs26.com\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@CBSNews\" \/>\n<meta name=\"twitter:site\" content=\"@CBSNews\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cbs26.com\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/cbs26.com\/index.php\/2024\/01\/02\/us-single-household-rent-growth-eased-in-october\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cbs26.com\/index.php\/2024\/01\/02\/us-single-household-rent-growth-eased-in-october\/\"},\"author\":{\"name\":\"cbs26.com\",\"@id\":\"https:\/\/cbs26.com\/#\/schema\/person\/6f199387dd167b788a14f8b99f8ff352\"},\"headline\":\"US single-household rent growth eased in October\",\"datePublished\":\"2024-01-03T06:43:35+00:00\",\"dateModified\":\"2024-01-03T06:43:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cbs26.com\/index.php\/2024\/01\/02\/us-single-household-rent-growth-eased-in-october\/\"},\"wordCount\":315,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/cbs26.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/cbs26.com\/index.php\/2024\/01\/02\/us-single-household-rent-growth-eased-in-october\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cbs26.com\/wp-content\/uploads\/2024\/01\/4231-us-single-household-rent-growth-eased-in-october.jpeg\",\"articleSection\":[\"growth\",\"single-household\"],\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/cbs26.com\/index.php\/2024\/01\/02\/us-single-household-rent-growth-eased-in-october\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cbs26.com\/index.php\/2024\/01\/02\/us-single-household-rent-growth-eased-in-october\/\",\"url\":\"https:\/\/cbs26.com\/index.php\/2024\/01\/02\/us-single-household-rent-growth-eased-in-october\/\",\"name\":\"US single-household rent growth eased in October - 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