rents

The median U.S. asking rental price saw an annual 0.8% increase in May to $1,653, marking the highest level since October 2022, sustaining an upward trend driven by robust demand and constrained supply. This is the second consecutive month of rent increases following nearly a year of declines,...

U.S. apartment rents might set a new trend, with the possibility of year-over-year negative growth rates emerging as early as next month. What Happened: With rents in August registering a marginal 0.28% rise compared to the same period last year, a continuation of the trend may come as soon as...

Amidst the interest rate hike campaign the Federal Reserve embarked on in March 2022, a moment of relief arrived: for the first time since the onset of the COVID-19 pandemic in 2020, rental prices saw a drop. The news would indeed be music to Fed Chair Jerome Powell’s ears, who, during a...

Some elements of this story were previously reported by Benzinga and it has been updated. Jeff Bezos, founder of e-commerce giant Amazon.com Inc (NASDAQ: AMZN) and several other ventures, has raked in an extraordinary amount of wealth over the years. In fact, Bezos' fortune is so...

Median rent costs in the U.S. are beginning to moderate as high inflation, high interest rates, and low consumer confidence cools demand. Nationally, rents are growing at a pace three-times slower than they were growing last year, when inflation was ramping up. Redfin Corp (NASDAQ: RDFN) estimated...

Asking rents in the U.S. dipped 1.4% month-over-month, but rose 4.8% year-over-year. That's the smallest increase in median asking rents since July of 2021, according to data issued Thursday by Redfin Corp (NASDAQ: RDFN). What Happened: Rents grew at a pace three times greater last year than it...

Rent prices increased marginally in November, up 1.23% month-over-month to $2,007 from $1,983 in October, following two straight months of falls. According to Rent.com data, the reversal was caused by rising costs for two- and three-bedroom apartments as well as a rise in pricing for the most...

The housing market in the U.S. received welcome data Tuesday, but the bad news is rents are still on the rise, they’re just rising at a much slower pace. What Happened: According to Redfin Corp. (NASDAQ: RDFN), the median asking rent in the U.S. increased 7.4% year over year to...

A popular standard for budgeting rent is to follow the 30% rule, which is spending a maximum of 30% of a gross monthly income on rent. Not so this year, for most Americans. In September 2022, the average U.S. employee will spend 46.38% of their monthly income on rent, data issued by...

During the news conference following the meeting of the Federal Reserve Open Markets Committee on Wednesday, Fed Chairman Jerome Powell acknowledged a sharp rise in mortgage rates. They’ve gone from 2.86% in September 2021 to currently 6.29%, according to YCharts 30-year mortgage rates...

Asking rents in the U.S. reached a record high in August, but for the third consecutive month, rent growth decelerated slightly. Redfin data indicated the median national asking rent increased 11% year-over-year to $2,039, but decreased from a peak gain of 19% in March, making it the...