Apartment rent growth in the United States is declining fast, after years of soaring prices. The decline in rents are giving many millions tenants relief for the first time since the early months of the pandemic, partially due to the increasing amount of apartments on the market. Rental prices may start to ease more this…
Apartment Rent Growth Is Declining Fast
June 15, 2023
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Maximize Space and Style in Apartments and Tiny Homes
By Kaitlyn Keegan From Hartford Courant With home interest rates soaring above 6%, many U.S. residents are left living in apartments. These one- or two-bedroom units are typically under 1,000 square feet. For many apartment dwellers, it simply isn’t enough space. Finding room for a stand mixer or enough counter space to bake cookies, or storing your…
Manhattan Apartment Sales Tumble, as Prices Drop for First Time Since Early 2020
January 5, 2023
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Manhattan apartment sales plunged in the last quarter, as prices dropped for first time since the pandemic in 2020. Brokers are becoming concerned that buyers and sellers are holding back because of economic fears and higher interest rates in one of the largest real estate markets in the United States, according to a report from Douglas…
Tech Hubs, Desert Metros See Rents Soften in November: Report
December 7, 2022
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U.S. apartment rents dropped for the third straight month in November, easing back from this year’s record highs as leasing demand continues to weaken, according to newly released data. While still lofty compared to previous years, effective asking rents for new leases declined 0.59 percent nationally last month, marking the largest cut since the pandemic…
Rents Fall Slightly as Apartment Demand Continues to Cool
The median rent for an apartment in the United States has dipped 2.2 percent since August, pointing to a cooling of the country’s super-heated apartment market as demand slows and vacancy rates rise. Apartment List, an online rental marketplace, observed a 1 percent decline in its national rent index in November, marking the third straight…
Summer Saw Slumping Apartment Demand as Americans Put Off Moves
News Analysis Demand for apartments in the United States crashed this summer, with asking rents dipping in September and the number of renters moving out of apartments exceeding the number moving in during the third quarter. The surprisingly sharp drop in rental demand comes as home sales continue to weaken, suggesting that inflation and economic…
Push for High-Density Housing Rooted in Racial and Environmental Agendas
The Biden administration is encouraging local municipalities across the nation to change zoning rules to create higher-density neighborhoods. The plan has elements of the racial and environmental agendas Biden has been advancing on most fronts. The Housing Supply Action Plan, announced in May, aims to ease housing costs by increasing the housing supply in every…
Push for High-Density Housing Rooted in Race and Environmental Agendas
News Analysis The Biden administration is encouraging local municipalities across the nation to change zoning rules to create higher-density neighborhoods. The plan has elements of the racial and environmental agendas Biden has been advancing on most fronts. The Housing Supply Action Plan, announced in May, aims to ease housing costs by increasing the housing supply…
LA County’s Tax Relief for Landlords a ‘Drop in the Bucket’: Apartment Association
March 18, 2022
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A decision by the Los Angeles County Board of Supervisors this week to forgive property tax penalties for landlords affected by the county’s eviction moratorium was welcomed by the Apartment Association of Greater Los Angeles but it might not be enough. The apartment association was “extremely supportive” of the decision and any other support that…
Over 95 Percent of US States Saw Hefty Rent Hikes Since Last Year
A new rent report just released by Rent.com indicates that 95 percent of U.S. states faced significant rent increases over 2021. The cost for one-bedroom units increased by an average of 22.6 percent, while two-bedroom units experienced hikes of around 20.4 percent. Rent.com, an apartment search engine and online marketplace catering to Millennials, is owned…
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