CNBC releases 2026 housing warning (landlord exodus)

CNBC releases 2026 housing warning (landlord exodus)

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We're in the midst of the biggest apartment rental crash in U.S. History. Rents have fallen for 4 years in a row, and landlords are on the precipice of default. Vacancies are rising, and some apartment REITs are saying it's the worst it's been in 40+ years. And now it could even be spreading to single-family homes as well.

CNBC is reporting that apartment rents just hit the lowest level in 4 years, with rising vacancies across the U.S.: https://www.cnbc.com/2026/01/29/apartment-rents-just-dropped-to-the-lowest-level-in-4-years.html

Data from ApartmentList is showing that the rental market could be outright crashing in metros like Austin, TX, where rents are down over 20% from peak. However, in most markets, rents are still above 2019 highs. But this is no consolation to landlords. Property taxes, insurance, and maintenance expenses keep going up, pushing down cash flows and causing many operators to lose money.

Reventure App is now forecasting values to go down in roughly half the U.S. in 2026-27, with declining rents one of the key reasons. As rents drop, more landlords will be enticed to sell, and inventory will rise.

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