U.S. asking rents decline (slightly), but continue to rise in some regions

Jul 28, 2023
Asking rents are down 1% nationally, though they're still rising in some regions.
A man watches apartment construction in Austin, Texas. The increase in apartment supply is one reason for cooling rents.
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Asylum seekers are overwhelming shelters in some cities — can rental assistance help?

Jul 13, 2023
In Chicago, a lack of affordable housing, unwilling landlords and overstretched nonprofits can make the wait for an apartment a long one.
A truck filled with secondhand furniture at Chicago Furniture Bank's Brighton Park warehouse waits to be driven to deliveries across the city on June 14, 2023.
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How bad will it get for office real estate?

Jun 26, 2023
Tenants are celebrating the falling rents, but record vacancies could eventually upend the market.
Office buildings in San Francisco have particularly high vacancy rates.
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Rent is still high, but new leases reflect a cooling market

Jun 14, 2023
In Monday's Consumer Price Index report, rent prices rose 8.7% year-over-year in May. That sounds like a lot, but here's why that number isn't a reliable indicator of where rental prices are headed.
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Spike in new households adds to rent, home price increases

May 29, 2023
As of 2020, people living alone made up 27% of new households. That trend has been accelerating.
An apartment building in Manhattan, New York City, seeks renters. More Americans are forming their own households than in previous decades.
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There are now only 4 major U.S. cities where buying is cheaper than renting

May 25, 2023
That's good news if you're looking to buy in Philadelphia, Detroit, Cleveland or Houston, but what about the rest of us?
Even if monthly mortgage payments are higher than comparable rent, "you get the benefit of building up wealth," said Daryl Fairweather, chief economist at Redfin.
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What high mortgage rates have to do with your rent

Apr 11, 2023
Rising mortgage rates have kept would-be buyers renting — straining the supply of available apartments and pushing prices up.
Despite slowing rent inflation, high mortgage rates are keeping some would-be homebuyers in apartments — which can increase competition and boost the cost of rent.
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Rent inflation has been slowing down for months

Mar 29, 2023
A recent survey found people expect rents will rise faster than home prices. But recent data have shown the opposite trend.
A recent survey found most people expect rent to rise faster than home prices, but recent data show a slowdown in rent inflation.
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Rent hikes are finally easing — except for renters who can afford it the least

Mar 21, 2023
Rents at the bottom of the market, where supply is tighter relative to demand, have risen faster than those of higher-priced properties.
Rent price growth is stuck at around 8.5% for lower-priced renters, well above the increases in other segments of the market.
Brendan Smialowski/AFP via Getty Images

This Florida woman used move-in deals to help save up for a house

Mar 1, 2023
Errica Jamil moved seven times in about as many years, earning her free or reduced rent. Now she owns a home of her own.
Chasing move-in specials every year eventually helped Errica Jamil buy a home of her own.
Brendan Smialowski/AFP via Getty Images