Home prices fall and rents rise, both for the first time in three years

Impact · against what's priced in

The break in home price growth and multi-decade lows in pending sales suggest a valuation peak that will pressure residential real estate. Conversely, the first rent increase in three years provides a long-awaited floor for multifamily operators, signaling a shift away from the oversupply that has suppressed earnings.

Scored by the NIS engine · methodology.

• real estate▲3%
• home prices
• housing market
• mortgage rates
• pending sales
• rents
• sun belt
• vacancy rates

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