Declines signal tenants may be maxed out on how much income they can devote to rent.
Tag: rental prices
Apartment Rents Rise; Perks, Discounts Fade
Americans are paying more to rent homes again, ending a stretch during the pandemic when they enjoyed flat or falling rental prices and widespread landlord concessions. Federal government stimulus payments and expanding payrolls are boosting savings, enabling building managers to lift rent prices on apartments and houses nationwide. A record-low inventory of homes for sale… Continue reading Apartment Rents Rise; Perks, Discounts Fade