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Redfin Report: D.C. Rents Up 2.7% in February Following 3 Months of Declines; Too Soon to Tell if Whether Federal Job Cuts Will Affect the Market

1. Median rent in D.C. rose 2.7% YoY to $2,325 in February. 2. Asking rents declined nine of the last twelve months, impacting the local market.

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-6.46%Current Return
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-0.91%S&P 500
$6.3503/05 08:45 AM EDTEvent Start
$5.9403/06 03:01 PM EDTLatest Updated
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FAQ

Why Neutral?

The mixed signals in rent prices suggest stagnation. Historically, similar trends saw minimal impact on stock prices.

How important is it?

Although rent increases may boost real estate activity, ongoing declines indicate instability.

Why Short Term?

Rent fluctuations are usually short-lived, affecting immediate market sentiment.

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SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — The median rent in the District of Columbia rose 2.7% year over year to $2,325 in February, following three months of declines. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Asking rents have fallen nine of the past 12 months in the District, even as the wider Washington D.C. metro area saw some of the biggest rises in the country. The median asking rent in the District peaked at $2,463 in July.

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