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A new report from Apartments.com reveals that U.S. apartment rents are showing little movement, even as demand for rentals is on the rise. Why? A historic wave of new apartment construction is flooding the market with fresh supply, keeping rent growth in check and offering renters more choices than ever before. Record-High Absorption Meets Massive […]
As of January 2025, mortgage rates in the U.S. have once again crossed a significant threshold, with 30-year fixed rates rising above 7%—the highest they’ve been since May 2024. This increase marks a continuation of the financial strain facing potential homebuyers and signals deeper, systemic issues in the country’s housing market. What’s Driving Mortgage Rates […]
After years of rising rent costs across the U.S., the market is finally shifting—and renters are starting to feel some relief. According to Redfin, the national median asking rent fell to $1,594 in December, down 6.2% from the August 2022 peak of $1,700. This marks the lowest level since March 2022, and it’s sparking questions […]
In the ever-changing landscape of New York City’s housing market, finding an affordable apartment can often feel like winning the lottery. That was certainly the case for one fortunate tenant who, back in 1975, secured a rent-stabilized apartment for $325 a month—a rate that remained remarkably consistent for nearly five decades. This apartment, located in […]
California has long been known for its sunny skies, thriving tech industry, and diverse population—but it’s also gained notoriety for something less desirable: sky-high housing costs. According to a recent article published by the Ventura County Star, California ranks third in the nation for the highest rent rates per square foot, coming in at $161.29 […]
Rent. It’s one of those unavoidable monthly expenses that quietly (or not so quietly) takes a huge bite out of your paycheck. But how much is “normal” to spend on rent these days? And how does your situation compare to others across the country? According to a recent Nasdaq article, the average American now shells […]