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An increase in available rental properties is putting downward pressure on single-family rental prices. Jay Parsons points out that the surge in supply is one of the main reasons single-family rent growth has reached its lowest level in 10 years.
The ongoing expansion of rental inventory is reshaping trends in the U.S. housing market.
The current cooling in single-family rent growth forms part of broader structural shifts highlighted in previous coverage of the prolonged REIT decline, including the recent sale of Veris Residential. These developments further reinforce the importance of focusing on net flows as a market indicator, a perspective increasingly relevant amid fluctuating rental inventories and evolving housing trends.