Rents are elevating, growing at a much faster pace than home prices in most local U.S. markets. According to new data, however, renting remains more affordable than homeownership for many.
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Rent Decreases in 14 Top Cities
“Rent growth is likely to continue cooling,” said Redfin Economics Research Lead Chen Zhao.
Read More »Slowing Demand Brings Rental Prices Down
“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.
Read More »August Rents Pull Back for First Time in Over a Year
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 ...
Read More »U.S. Median Rents Exceed $2k in May
The median monthly asking rent in the U.S. surpassed a whopping $2,000 for the first time in May rising 15% year-over-year to a record high of $2,002—according to ...
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