(CNN) — Rents in the US climbed to a new record high again in April, and they are expected to keep rising. The national median rent was $1,827 a month in April, up 16.7% from a year ago, according to a report from Realtor.com. Rent has been steadily increasing since early last year. If recent trends continue, the report projects the typical rent could be more than $2,000 a month by August.
Those of you renting your living space have likely experienced major increases in your monthly payments. That rent inflation will almost surely continue. In April, the median U.S. rent hit a record high for the 14th month in a row of $1,827, according to Realtor.com, a residential real estate information service.
Charity begins at home, and home is often the endpoint as well. In a rental housing market that’s got millions feeling frantic, desperation is yielding to innovation and improvisation. Anyone who’s gone on the hunt for a regular rental lately is aware of the price increases and shortages in...
Rent prices in America just reached a new high.
Young adults in two major cities shared their reactions to steep rent increases, with some saying they would consider moving in with their parents if prices hit unmanageable levels. "My rent is way too high right now," Connor, of New York, told Fox News. "Prior to me signing my lease,...
NexPoint Residential has been benefiting from huge rent increases. Apartment landlords, in general, are in a strong position partly thanks to inflation. NexPoint's rent hike story is nuanced, as it is also benefiting from upgrades. You’re reading a free article with opinions that may differ from The Motley Fool’s Premium...
Landlords don’t have to disclose utility bill costs in rental listings — here’s why that should change
Renters may deserve as much disclosure when it comes to electricity bills as homeowners, but many are left in the dark. One in five households said they gave up basic necessities to pay an energy bill for at least one month during 2020, and some reported that they had kept their home at an unsafe temperature, the U.S. Energy Information Administration said. Gas.
‘Perfect storm of supply and demand’: Rents continue to soar. The national median rent looks set to surpass $2,000 this summer.
Yes, rent prices are still soaring. The median rent in the nation’s 50 largest metropolitan areas reached $1,827 in April — marking the 14th straight month of consecutive highs, and a 16.7% increase from last April, a new report from Realtor.com shows. The good news? Rent growth is...