As of March, the median asking rent dipped slightly year over year to $1,610. That’s just a 0.6 percent decline from the previous year and a slight 0.4 percent increase from February. While those very subtle changes have offered some relief to renters, Redfin economists say that the landscape is shifting, and fast.
Category: economic uncertainty
Navigating economic turbulence to elevate your real estate career
Amid the current economic turmoil, including fears of a potential recession and recent significant stock market declines, real estate professionals must remain vigilant and adaptable, Victoria Kennedy writes.