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Rental Market Still Tight Despite Small Dip | Amsterdam News
Description
Rents are surging again—up 5% year-over-year—while landlords keep pulling out of the rental game, squeezing new tenants hardest. A tiny dip from Q1’s highs is the only reprieve in over two years, but don’t relax: the market’s still super tight. Over 12,000 rental units vanished last quarter, even as 11,000 hit the market—fewer homes means fiercer competition. Investors are selling off both mid-range and pricier rentals, partly due to new laws slashing rental profits. That’s pressuring homebuying prices, but overall demand keeps prices climbing. The housing puzzle? Still wildly complicated—and affordability remains a huge struggle for most.
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