The Sun Belt Is Seeing Some of the Biggest Rent Declines in America
Nine of the 10 metros facing the steepest drops in asking rents are in the Sun Belt. The exception is Seattle, where rents fell 7%
As a data journalist, Lily is passionate about helping readers understand complex facets of the housing market. She is particularly interested in the issues of climate change, race and gender equality and housing affordability. Prior to working at Redfin, Lily spent four years as a reporter at Bloomberg News in New York City.
Nine of the 10 metros facing the steepest drops in asking rents are in the Sun Belt. The exception is Seattle, where rents fell 7%
Investor purchases climbed 0.5% from a year earlier in the first quarter—the first uptick since mid-2022. California markets saw the largest increases, with investor purchases
White people took out 62% of new mortgages last year, down from 64% in 2022 and 70% in 2018. Meanwhile, the share taken out by
A similar share of Trump voters want to live in a place that has laws allowing discussion of LGBTQ topics in schools and laws ensuring
The number of homes for sale in Cape Coral, FL and North Port, FL surged roughly 50% from a year earlier in March—more than anywhere
Price growth is leveling off as elevated mortgage rates strain buyer budgets, but prices are still at historic highs because there aren’t enough homes for
Nine of the 10 metros facing the steepest drops in asking rents are in the Sun Belt. The exception is Seattle, where rents fell 7%
Investor purchases climbed 0.5% from a year earlier in the first quarter—the first uptick since mid-2022. California markets saw the largest increases, with investor purchases
White people took out 62% of new mortgages last year, down from 64% in 2022 and 70% in 2018. Meanwhile, the share taken out by
A similar share of Trump voters want to live in a place that has laws allowing discussion of LGBTQ topics in schools and laws ensuring
The number of homes for sale in Cape Coral, FL and North Port, FL surged roughly 50% from a year earlier in March—more than anywhere
Price growth is leveling off as elevated mortgage rates strain buyer budgets, but prices are still at historic highs because there aren’t enough homes for