Rentals

Average monthly payments fell by 0.6% year-over-year to $1,995, marking the largest annual decline since March 2020.

Rents for primary residences in the New York, Jersey City and Newark, New Jersey, region rose 6.1% in the 12 months through April, the biggest increase since 2005, according to a Bureau of Labor Statistics report Wednesday.

Renters across 38 cities can browse Airbnb-friendly apartments on the company's website and use a calculator to see how much income they could generate through part-time hosting. 

The cooldown in U.S. housing should show up in official inflation data next year, according to a new index that aims to capture changes in rental markets without the usual lag. 

The New York-based startup, which launched last year, processes $3 billion in annualized rent payments, and its Bilt Mastercard customers are spending at an annualized rate of $1.6 billion, Chief Executive Officer Ankur Jain said.

Rent of shelter and owners' equivalent rent each accelerated 0.8% in September from the prior month, the most since 1990, according to Labor Department data released Thursday.

BofA Securities Inc. predicts that single-family rental securitizations — which repackage a single loan tied to multiple properties — will fall to just $2 billion for the rest of 2022 as Federal Reserve rate hikes send shivers across the industry.

The affordability crisis is expanding as Americans move back to big cities and some areas suffer a housing shortage.

Mortgage rates have pushed up costs to buying a new house even more.

Still, executives expect to see more opportunities in single-family rentals in the next few months.