In December 2024, rents for 0-2 bedroom homes in the 50 largest U.S. metro areas dropped for the 17th month in a row. While rents have steadily declined over the past 17 months, the relief is minimal. December rents are just 3.7% below the July 2022 peak and still 16% higher than December 2019. The rental market has stabilized faster than the for-sale market, where listing prices only recently saw a notable drop. Full report at link in bio. | Realtor.com

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