{"id":18536,"date":"2021-02-24T14:35:44","date_gmt":"2021-02-24T14:35:44","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=18536"},"modified":"2021-02-24T14:35:44","modified_gmt":"2021-02-24T14:35:44","slug":"high-end-single-family-rental-prices-are-surging","status":"publish","type":"post","link":"https:\/\/www.anthonydidonato.net\/wordpress\/high-end-single-family-rental-prices-are-surging\/","title":{"rendered":"High-End Single-Family Rental Prices Are Surging"},"content":{"rendered":"

High-End Single-Family Rental Prices Are Surging<\/h1>\n
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Landlords continue to see prices rise for luxury single-family rentals as the pandemic-fueled recession impacts socioeconomic groups unevenly.<\/p>\n

Overall, single-family rental growth ended 2020 strong, rising 3.8% in December 2020 compared to a year prior, according to CoreLogic\u2019s Single-Family Rent Index, which measures rent changes in single-family rental homes, including condos.<\/p>\n

Rent growth in the low-priced tier (properties with rent prices less than 75% of a region\u2019s median) remains below yearly pre-pandemic levels. The pandemic has disproportionately affected low-wage workers. Rent prices for low-end tier properties were down 3.5% in December 2020 compared to December 2019.<\/p>\n

On the other hand, higher-priced rentals (properties with rent prices greater than 125% of a region\u2019s median rent) rose 2.4% year-over-year. Phoenix saw the highest year-over-year rent growth in December, an increase of 10.7% year over year, followed by Tucson, Ariz. (up 9.5%) and Charlotte, N.C. (7.1%). The metro area that posted the largest annual decline in rent prices was Boston, down 7.2%. But researchers note that likely was due to the area\u2019s large number of colleges and students continuing to do virtual learning in their hometowns during the pandemic.<\/p>\n

\u201cAs states begin managing the administration of vaccines as well as mitigating continuing unemployment concerns, rent prices will likely continue to experience mixed growth rates in metros across the nation,\u201d CoreLogic notes.<\/p>\n

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Source:<\/div>\n
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\u201cSingle-Family Rent Growth Accelerated at the End of 2020<\/a>,\u201d CoreLogic Insights Blog (Feb. 16, 2021)<\/div>\n
\u00a9National Association of REALTORS\u00ae
\nReprinted with permission<\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

High-End Single-Family Rental Prices Are Surging Landlords continue to see prices rise for luxury single-family rentals as the pandemic-fueled recession impacts socioeconomic groups unevenly. Overall, single-family rental growth ended 2020 strong, rising 3.8% in December 2020 compared to a year prior, according to CoreLogic\u2019s Single-Family Rent Index, which measures rent changes in single-family rental homes, … <\/p>\n

Continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,8],"tags":[5,32,4,9],"class_list":["post-18536","post","type-post","status-publish","format-standard","hentry","category-news","category-real-estate-tips","tag-anthony-didonato","tag-news","tag-real-estate","tag-tips","item-wrap"],"yoast_head":"\nHigh-End Single-Family Rental Prices Are Surging - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.anthonydidonato.net\/wordpress\/high-end-single-family-rental-prices-are-surging\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/high-end-single-family-rental-prices-are-surging\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/high-end-single-family-rental-prices-are-surging\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"headline\":\"High-End Single-Family Rental Prices Are Surging\",\"datePublished\":\"2021-02-24T14:35:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/high-end-single-family-rental-prices-are-surging\\\/\"},\"wordCount\":245,\"publisher\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"image\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/high-end-single-family-rental-prices-are-surging\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/magazine.realtor\\\/sites\\\/default\\\/files\\\/styles\\\/asset_image_full_content\\\/public\\\/assets\\\/images\\\/2.22.2021_SFR.jpg?itok=UEhDY2v8\",\"keywords\":[\"Anthony DiDonato\",\"News\",\"Real Estate\",\"tips\"],\"articleSection\":[\"News\",\"Real Estate Tips\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/high-end-single-family-rental-prices-are-surging\\\/\",\"url\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/high-end-single-family-rental-prices-are-surging\\\/\",\"name\":\"High-End Single-Family Rental Prices Are Surging - 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