Rent Growth Hits 10-Month High as Home Value Appreciation Drops Sharply

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Mar 14, 2019
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Rent prices grew on an annual basis at their highest rate since April, after decreasing for the first time in six years last fall

- Rent prices grew 2.4 percent from a year ago. The median U.S. rent is now $1,472.

- The typical U.S. home is worth $226,300, a year-over-year increase of 7.2 percent. This is the smallest annual increase in home values since December 2017, down from 8 percent two months earlier.

- U.S. for-sale home inventory rose for the fifth time in the past six months.

- Expensive West Coast markets continued to cool, experiencing the most extreme slowdowns in home value appreciation and rises in inventory.

PR Newswire