MARKETWATCH
RISING RENT
Rent prices continue to climb nationally, but have spiked in Florida. Q1 2022 rents in Naples, up 39% from pre-pandemic levels, represent the steepest climb in the U.S. Source: The Washington Post
PENDING HOME SALES
According to the National Association of REALTORS®, the Pending Home Sales Index saw a 1.2% drop to 103.7 in March. Contract signings increased in the Northeast, but fell in the other three regions of the U.S. All regions reported decreases in year-overyear contract activity, continuing a five-month decline.
GROWING MARKETS
VACANCY RATES
The Urban Land Institute ranked the 20 fastest-growing U.S. real estate markets, with Nashville, Raleigh/Durham and Phoenix standing as the top three.
Vermont, Maine and Alaska have the highest vacancy rates at 22.86%, 22.68% and 20.51%, respectively. This translates to more than 315,000 unoccupied houses across the three states. Oregon, Washington and Connecticut have the lowest vacancy rates at 7.76%, 7.87% and 8.09%. Source: LendingTree RISMedia’s REAL ESTATE June 2022 11
