Business, Finance & Tech

Rental Market Shifts in Favor of Renters as New Apartments Hit the Market

Name: Rental Market Shifts in Favor of Renters as New Apartments Hit the Market
Uploaded: 2025-02-03T00:30:00-08:00
Channel: NBC Palm Springs
Description: A pandemic-driven construction boom is improving rental affordability, with more apartments becoming available, according to Redfin’s chief economist. As landlords compete for tenants, renters have more negotiating power, making it a favorable market for leasing. Meanwhile, mortgage rates remain high but have slightly declined for the second week in a row.

By: NBC Palm Springs

February 3, 2025

rental marketrenters marketapartment constructionhousing affordabilitymortgage rateshome buyingRedfinreal estate trendsleasing negotiations

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