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Apartment Rents Increase as Young Workers Head Back to Cities

Landlord stocks are up big this year, as the rental market exceeds expectations in places like Atlanta.

8/4/2021 5:00:00 AM

Apartment rents are rising fast, boosted by young professionals returning to cities and an expensive housing market

Landlord stocks are up big this year, as the rental market exceeds expectations in places like Atlanta.

Updated Aug. 3, 2021 10:57 am ETApartment rents are rising fast, boosted by young professionals returning to cities and an expensive housing market that keeps many of them renting.Stock prices of publicly traded apartment companies have jumped in stride. The FTSE Nareit Equity Apartments index, which tracks these landlords, is up 42% since January, trouncing the S&P 500’s 17% gain during the same period.

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Median rent has risen more than 10% over the past year $1,244, according to homesearch website Apartment List. That figure is also 9.4% above where rents stood in March 2020, right before Covid-19 lockdowns began.One big factor behind the recent increase: Soaring housing prices are

forcing many would-be home buyersout of the for-sale market, and they have had little choice but to pay up for rent. As of June, median existing-home sales prices are up 23.4% from a year earlier to $363,300—a record high, according to the National Association of Realtors. headtopics.com

Read more: The Wall Street Journal »

Cedric the Entertainer kicks off 2021 Emmys with musical tribute to TV — and Biz Markie

Cedric the Entertainer was joined by multiple stars in a sing-along tribute to TV, set to rapper Biz Markie's hit 'Just a Friend.' Then he did a monologue

Cool cool cool so now everything’s expensive 😐 Inflation. That’s called inflation and it’s taxation without representation. Good News I am doing a challenge. $5k-$50k, $10k-$100k targets duration 31 days. We will work on Binance Futures and Bitcoin Mining (coin pumps). Now is the best time to invest cos crypto’s increasing 📲 Send me a direct message if you want to participate n for more details

Now please do an article how those rising rents are making it so section 8 homes are not available. Sec 8 let’s counties set amts & OsceolaCountyFl sets them below the rental inflation not allowing them to be used Apartments rates in first world countries are spectacularly high, but when you compare it to their 100k a year salaries(not including bonuses), it does make sense

Mostly all those tenants that didn't pay for a year's 🤣 good What I was paying for a studio in NYC I moved upstate NY and now own 2 homes which one is for income for the same price of that studio....lol. I'm happier now! Time to flee the big cities Sike

Janet Yellen Announces Measures to Avoid Breaching Debt CeilingTreasury Secretary Janet Yellen announced further measures to avoid breaching the federal government’s borrowing limit and urged Congress to increase the ceiling, which went back into effect on Sunday Don’t like the goal posts? Move em.

Its for your information. A reminder of my Taekwondo challenge at Olympics. *Correction* Boosted by greed. BlackRock plans. wow Lol. Really? Not because of an eviction moratorium?

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From Posters to Speakers, These Are the Best Back to School Essentials for Music FansStart the school year off right with a fresh pair of headphones, rock and roll-themed posters or one of our other gifts specifically suited for the music fanatic in your family ✌its even small enough ❤