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As of 2020, people living alone made up 27% of new households. That trend has been accelerating.
That’s good news if you’re looking to buy in Philadelphia, Detroit, Cleveland or Houston, but what about the rest of us?
Rising mortgage rates have kept would-be buyers renting — straining the supply of available apartments and pushing prices up.
A recent survey found people expect rents will rise faster than home prices. But recent data have shown the opposite trend.
Rents at the bottom of the market, where supply is tighter relative to demand, have risen faster than those of higher-priced properties.
Errica Jamil moved seven times in about as many years, earning her free or reduced rent. Now she owns a home of her own.
Housing is one of the biggest parts of inflation, but current metrics lag by about a year. The new tenant repeat rent index aims to change that.
The national median rent has risen over 20% since 2020, according to Apartment List. And the use of pricing algorithms used by some of the nation’s biggest corporate landlords might be playing a role.
A new report from ATTOM says it’s now cheaper to rent than own a place in most parts of the country.
Taylor Jenkins learned the hard way that the Phoenix area had become a top destination for those leaving expensive coastal cities.