
Rental Market Tracker: Asking Rents Rise 14% in June, the Smallest Increase Since October
Rent growth is easing as landlords respond to a tightening in tenant budgets brought on by inflation.
Tim Ellis has been analyzing the real estate market since 2005, and worked at Redfin as a housing market analyst from 2010 through 2013 and again starting in 2018. In his free time, he runs the independently-operated Seattle-area real estate website <a href="https://seattlebubble.com/" title="Seattle Bubble"><em>Seattle Bubble</em></a>, and produces the <a href="https://dispatches.fm/" title="Dispatches from the Multiverse">"Dispatches from the Multiverse" improvised comedy sci-fi podcast</a>.

Rent growth is easing as landlords respond to a tightening in tenant budgets brought on by inflation.

Homebuyers are getting some relief as sellers slash their prices at a record rate and mortgage rates drop following months of increases.

A record-high share of home sellers are dropping their prices after this month’s historic mortgage-rate hike put a damper on homebuyer activity.

Pending sales and Redfin’s Homebuyer Demand Index posted their largest year-over-year declines in over two years.

A buyer on a $2,500 budget can afford a $400,000 home with a 6% mortgage rate. That’s compared to a $517,000 home with a 3%

Home sales fell in May for only the second time on record, while home prices saw the smallest May increase on record.

Rent growth is easing as landlords respond to a tightening in tenant budgets brought on by inflation.

Homebuyers are getting some relief as sellers slash their prices at a record rate and mortgage rates drop following months of increases.

A record-high share of home sellers are dropping their prices after this month’s historic mortgage-rate hike put a damper on homebuyer activity.

Pending sales and Redfin’s Homebuyer Demand Index posted their largest year-over-year declines in over two years.

A buyer on a $2,500 budget can afford a $400,000 home with a 6% mortgage rate. That’s compared to a $517,000 home with a 3%

Home sales fell in May for only the second time on record, while home prices saw the smallest May increase on record.