0:40

In this brief market update, the speaker cites RealPage’s forecast that effective rent growth across the United States will average about 1.9% over the next four quarters—well below the 2% threshold. Only three metros—San Francisco, Milwaukee, and Miami—are expected to achieve roughly 3% growth. More than half of the top 50 markets are projected to see growth between 2% and 2.9%. Cities such as New York, Seattle, Washington, D.C., and Phoenix are forecasted to grow around 1%, while Austin, Tampa, Denver, and Fort Worth are expected to post sub‑1% growth. Houston and San Antonio may even experience slight rent declines.

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