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[ Fri, May 16th 2025 ]: Fortune
CD rates today, May 16, 2025

Asking rents have fallen nearly 5% since 2022, but prices could start rebounding soon, Redfin says

The article from Fortune, published on May 17, 2025, discusses the current state of the U.S. rental market, highlighting a significant increase in asking rents despite a rise in vacant rental units. According to Redfin's analysis of Census Bureau data, the median asking rent in April 2025 reached $2,053, marking a 2.6% increase from the previous year. This rise in asking rents comes even as the number of vacant units for rent increased by 15% year-over-year, suggesting a disconnect between rental prices and market supply. The article attributes this trend to landlords' reluctance to lower prices due to high operational costs and a still-strong demand in certain regions, despite the overall increase in vacancies. This situation underscores the ongoing challenges faced by renters amidst a seemingly paradoxical market dynamic.

Read the Full Fortune Article at:
[ https://fortune.com/2025/05/17/rent-renting-housing-market-prices-asking-rents-redfin-census-data-vacant/ ]