Tag Archives: Median Rent

U.S. rent prices fell for the seventh consecutive month in November, according to a new Realtor.com report, as rental supply outpaced elevated demand in the West and South. However, Northeastern renters continued to struggle with higher costs.

Potential first-time homebuyers looking to shift from renting to homeownership in 2023 are facing mortgage rates that are nearly 4 percentage points higher than the low point in Q4 2020, limiting their purchasing power. In a new analysis, First American Economist Ksenia Potapov revealed the costs of renting against the costs of owning a home.

“Rent growth is likely to continue cooling,” said Redfin Economics Research Lead Chen Zhao.

“Demand for rentals is slowing because economic uncertainty is prompting many renters to stay put, and persistent inflation is shrinking renter budgets. That’s causing rent growth to cool,” said Taylor Marr, Redfin’s Deputy Chief Economist.

As prices on everything increase across the board, more and more are turning to renting—either by circumstance or by choice.  Renting has traditionally been the cheaper option for ...

In 38 of the 50 largest U.S. metros, the monthly cost of renting a home is lower than buying a starter home. The median listed rent across these 50 analyzed metros was $1,876, growing by 14.1% during June 2021.

Now is not a great time to be a renter according to new data from Redfin, which found that the median rent surged in March to $1,940—the largest annual increase since February 2020.

The Mortgage Bankers Association (MBA) has launched a new affordability index aiming to measure how new mortgage payments vary across time relative to their income.  The new monthly ...

On average, rents in the top-50 metro areas have increased by 13.6% compared to last year. Here’s how much that translates to per month.

Whether parents are approaching becoming empty nesters with tears or rejoicing, the fact remains that an increasing percentage of young adults continue living with their parents a study found. Here’s why.