rental demand

The U.S. housing market experienced another slowdown as existing-home sales fell to an annualized rate of 3.98 million, marking the third consecutive monthly decline and underscoring the continued effect of elevated mortgage costs.

Renters across the United States continue to face a changing housing landscape as mortgage rates moved higher at the start of the week, reinforcing affordability challenges that have slowed homebuying activity and influenced demand for rental housing. As of July 13, the national average rate for a 30-year fixed mortgage rose to 6.58%, extending a