The rental market is already showing signs of recovery:Spring Is Coming: Historically, the rental market picks up momentum in the spring as tenants prepare to move during warmer months or ahead of the school year.Early 2025 Trends Are Positive: In just the first week of January, we’ve seen a dramatic increase in rental applications, suggesting pent-up demand from renters who delayed their searches in November and December.What Landlords Can Do NowTo make the most of this recovery, consider:Refreshing Your Listings: Update your photos, descriptions, and pricing to ensure your properties stand out.Offering Incentives: Temporary discounts or move-in bonuses can help fill vacancies quickly.Being Patient: The market is already bouncing back, so don’t panic if your property takes a bit longer to lease than usual.What’s been your experience?

Are you suggesting this wasn’t a result of pent-up demand but rather due to some other factor?

If you are the lone supplier of a specific housing product and there's pent up demand you will absorb your units quicker and have tenant stay longer given the lack of alternatives.

We are starting to come off the high side of interest rates and expectations are that more properties will hit the market... but will probably be eaten up by pent up demand... so prices aren't expected to drop.  

It is amazing the amount of pent up force in a falling tree. 

They have risen everywhere since then, remaining below historical averages in some cities while surging far above those averages in others.The elevated eviction filings also follow a sharp acceleration in rents, when pent-up demand during the pandemic flooded supply-short housing markets with people looking to rent.

There is so much pent up demand.

And if interest rates come down in the next year, expect a lot of people buying due to pent up demand.

Also, keep in mind once the rates start falling this fall, in my opinion there is going to be a short lived surge in purchases from pent up demand that people were waiting for.Hope this helps.Also, if you are looking to keep more of your RE Commission DM me, I'm a Licensed Broker in Texas as well.

There is a lot of pent up demand due to high rates and there is still a major lack of new supply.