In September and October, rents decreased nearly 1% and 2.5% month over month. The changes were the first real declines since February 2021.
Year-over-year growth continued to slow last month. At 7.4%, November marks the third consecutive month of single-digit rentthe smallest increase over that time. In September, rents increased 9% year-over-year, and 8% in October. Two Midwestern states, South Dakota and Nebraska , also saw significant yearly increases. Among the largest yearly increases, Utah registered a 14% increase in median rent prices.· Utah Year-over-year rental decreases by state
Among the 50 most populous U.S. metropolitan areas, the Raleigh-Cary, North Carolinametro took the top spot with a 22% year-over-year increase in rents. Eight metros saw year-over-year increases greater than or equal to 10%, with Miami- and Cincinnati-area rents increasing just over 9%. In total, 14 of the 50 metros in this study saw yearly increases above the national median.
Still paying $4000 monthly
Lol.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
GM rappelle plus de 825 000 véhicules | Actualités automobile | Auto123Pour la deuxième fois en autant de mois, GM rappelle des centaines de milliers de véhicules pour régler un problème avec les phares de jour. Auto123.
Source: auto123 - 🏆 566. / 51 Read more »
D-FW inflation eased in November but rents are setting recordsDallas-Fort Worth inflation remains historically high, but some prices at the grocery store, in the mall and at the gas station started to decline in November. ... Just got a 15% rate increase letter from my complex I've lived in for 3+ years which is cool 😎 Mayjor culprits, County tax, state tax, and insurances for rental proprieties.
Source: dallasnews - 🏆 18. / 71 Read more »
U.S. rents drop at the fastest rate in 7 years, per ZillowRent prices fell 0.4% in November — the largest month-over-month drop since Zillow started tracking this data in 2015. Well thats a lie. Try again Great news! 'Rent Increases by Nearly 20% Across the US'
Source: axios - 🏆 302. / 63 Read more »
After Latest Fed Rate Hike, Housing Justice Activists Demand Biden Act to Fight Soaring Rents'Tenants need immediate action from the White House to regulate rent and provide more certainty for millions of people struggling to make ends meet,' asserts People's Action's Tara Raghuveer following the latest Fed interest rate hike.
Source: commondreams - 🏆 530. / 51 Read more »
In Texas drought, hay shortage hits San Antonio-area ranchers, farmersA record drought is changing the ways Texas farmers and ranchers are trying to survive.
Source: ExpressNews - 🏆 519. / 51 Read more »
Six-month COVID-19 vaccine delay would have cost $156B: studyA study from the C.D. Howe Institute estimates Canada would have lost $156 billion in economic activity in 2021 had COVID\u002D19 vaccines been rolled out six…
Source: TheStarPhoenix - 🏆 253. / 63 Read more »