KEY POINTS
  • Single-family rent prices increased 2.9 percent annually in November 2018, according to CoreLogic. That is up from 2.8 percent annual growth in November 2017.
  • Meanwhile home prices logged a 5.1 percent annual gain in November, the smallest gain since August 2015.
  • Vacancies for single-family rentals are very low and declined in November to 4.6 percent from 4.7 percent in October, according to Morningstar Credit Ratings.
A house for rent in Corona Del Mar, California.

The slowdown in home sales and home price gains in most major U.S. markets is causing the opposite effect in the rental market, especially for single-family rental homes.

Home prices logged a 5.1 percent annual gain in November, the smallest increase since August 2015.