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Housing: Priced-out homebuyers now face sky-high rents [View all]
Yahoo Money
Housing: Priced-out homebuyers now face sky-high rents
Gabriella Cruz-Martinez · Personal finance writer
Thu, June 30, 2022, 2:06 PM
Price-strapped homebuyers sidelined by bidding wars, surging mortgage rates, and mounting inflation are facing yet another housing hurdle: sky-high rent.
According to real estate brokerage Redfin, the median monthly rent in the U.S. surpassed $2,000 for the first time in May, rising 15.2% from a year earlier to a record high of $2,002.
{snip}
Housing: Priced-out homebuyers now face sky-high rents
Gabriella Cruz-Martinez · Personal finance writer
Thu, June 30, 2022, 2:06 PM
Price-strapped homebuyers sidelined by bidding wars, surging mortgage rates, and mounting inflation are facing yet another housing hurdle: sky-high rent.
According to real estate brokerage Redfin, the median monthly rent in the U.S. surpassed $2,000 for the first time in May, rising 15.2% from a year earlier to a record high of $2,002.
{snip}
19 replies
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= new reply since forum marked as read