Declines signal tenants may be maxed out on how much income they can devote to rent.
Tag: rental market
Apartment Rental Market Shows Signs of Softening
Several market indicators show that after more than a year of record rises in apartment rents, growth is beginning to slow, which could help housing affordability and ease the rise in overall inflation. According to data firm CoStar Group, national average apartment rents increased 9.4 percent in the second quarter of 2022 compared to the… Continue reading Apartment Rental Market Shows Signs of Softening
Struggling Rental Market Could Usher in Next American Housing Crisis
A housing crisis centered on the vast apartment and home-rental markets is emerging in the U.S., threatening to send millions of renters into eviction and leave landlords short billions of dollars. A large number of renters have been unable to pay some or even all of their rent since March, when the pandemic temporarily shut… Continue reading Struggling Rental Market Could Usher in Next American Housing Crisis