For the sixth straight month, renters are handed a reprieve. Rental prices are still declining—but not nearly as much as many had hoped.
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What goes up must come down. For the third month in a row, rental prices dipped a little compared with July of last year.
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The rent may still be too high, but at least it’s not skyrocketing—a welcome cooling-off after the craziness of the COVID-19 pandemic period.
The post Rents Are Still Rising—but Not By Much. Are the Steep Hikes Finally Over? appeared first on Real Estate News & Insights | realtor.com®.
The declining prices are welcome news for renters, who have been squeezed by record-setting price increases in recent years.
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Rental prices continued to soar around the nation. However, there is some good news for renters struggling with sky-high rents.
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Rents continued to hit record highs across the country—experiencing astronomical increases in this surprising state.
The post Rental Prices Are Surging Everywhere—but Especially in This State appeared first on Real Estate News & Insights | realtor.com®.
For the eighth month in a row, rental prices have risen by double digits, spiking to incredible heights in this part of the country.
The post Rent Prices Surge Nationwide, Jumping More Than 50% in This Popular City appeared first on Real Estate News & Insights | realtor.com®.
In May, the national median rent rose 5.5% year over year to $1,527 per month, the highest two years, according to a report by Realtor.com.
The post Average U.S. Rental Price Hits a Two-Year High appeared first on Real Estate News & Insights | realtor.com®.