The recent onslaught of heavy rainstorms in San Diego County has left a trail of destruction, prompting local officials to take swift action in aiding affected communities. However, amidst efforts to provide relief and assistance, a storm-related emergency ordinance passed by the San Diego County Board of Supervisors has ignited a contentious debate, particularly within the realm of housing rights...

San Diego's apartment rental market, which has been grappling with a six-month downturn, saw a glimmer of hope in January as rents trended upwards for the first time since June 2023. This marginal increase of 0.2% may seem slight, but it marks a notable shift in a market that has experienced consistent declines, hinting at potential changes in the narrative...

Throughout the past two-and-a-half years, we have seen asking multifamily rents climb at the fastest pace on record, at 21.7%. But with this, the asking multifamily rents have now fallen month-over-month for the first time since May 2020. The Fed has been aggressive with rising interest rates to combat inflation. These rising rates will eventually take its toll on the...

Report Data Courtesy Due to an easing economy, rising interest rates, and less demand for multifamily units, multifamily asking rents have finally declined in November. National asking rent has now fallen to 7% year over year. For November, the average U.S. asking rent for multifamily decreased by $9 to $1,729 (as seen below). This is the largest decline over one...

56 of 136 markets forecasted in the United States saw month over month declines. The United States as a whole had month over month average asking rents increase only by one tenth of a percent for September. That is the lowest increase for September since 2017. There have been 18 months of record-breaking average rent increases that have now come...

The overall average U.S. asking rents have decreased by $1 (or 0.1%) in August down to $1,718 (as seen in the graph below) and year over year growth has actually decelerated by 170 basis points to 10.9%. This decrease in rent is the first time since June of 2020 where there hasn’t been growth in the market rents. This slowdown...

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