US Annual Rent Growth Slows to Nearly Two-Year Low in January, CoreLogic Reports

- Single-family rent price growth was up by 5.7% year over year in January 2023, the lowest rate of appreciation since the spring of 2021
- Orlando, Florida continued to lead the country for year-over-year rent price gains at 8.9%, but that increase has slowed significantly since the peak 25% annual growth recorded in April 2022
- All 20 tracked metro areas posted single-digit annual rent price gains, with Phoenix at less than 1%
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