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Despite wage gains, lower-income families have been hit hard by inflation and the expiration of pandemic-era benefits.
In New York the median rent for a one-bedroom just crossed $4,500, by one estimate.
The data shows rising shelter costs, but industry experts say current market conditions tell a different story.
High interest rates, lower than expected rents, and an oversupply of new apartments are squeezing landlords, especially those located in Sunbelt states.
The increase in housing supply will help bring down, or at least steady, prices, experts say.
The state bans price discrimination at parks. Hometown America argues it should be able to charge new residents more than longtime ones.
Rent growth is slower in some places, but much faster in others. We’re looking at you, New York City.
Lawsuits allege that RealPage, a company many large landlords use to price their apartments, uses confidential data in an anti-competitive way.
Asking rents are down 1% nationally, though they’re still rising in some regions.
In Chicago, a lack of affordable housing, unwilling landlords and overstretched nonprofits can make the wait for an apartment a long one.