RentCafe, Santa Barbara, Calif., found that the number of millionaire renters has tripled since 2019.
Tag: Rent
Redfin: Gap Between Income Needed for Buying vs. Renting Widens
Redfin, Seattle, found that Americans need to earn $116,633 per year to afford the median priced home for sale, compared with $64,160 needed to afford the typical apartment for rent.
RealPage: Some Florida Beach Town Rents Run Ahead of National Numbers
RealPage, Richardson, Texas, released an analysis on rent prices along the Florida coastline, five years after the COVID-19 pandemic sparked more remote work and mass migration.
Asking Rents Fall; Renters Can Afford Larger Spaces, Redfin Finds
Redfin, Seattle released some analyses of the current rental market, including the finding that the median asking rent fell 0.7% year-over-year in November to $1,595.
Zillow Finds Mortgage Payments Lower Than Rent in 22 of 50 Largest Metros
A monthly mortgage payment is actually less expensive than rent in 22 of the 50 largest U.S. metros, according to a new Zillow Home Loans analysis.
Millennials Trying to Save for Homes, but Rent Is Too High, Survey Finds
Lombardo Homes, Shelby Township, Mich., recently released a new survey finding that while 51% of non-homeowner Millennials say they are saving for a home purchase, 77% also say rent is so high it poses a challenge.
Yardi Matrix: July Multifamily Data Shows Positive Signs Despite Modest Rent Growth
Yardi Matrix, Santa Barbara, Calif., found multifamily advertised rents rose for the sixth straight month in July as demand from economic growth and demographics remained solid. The average rent increased $4 to $1,743, or 0.2% month-over-month, and is up by 0.8% year-over-year.
Freddie Mac Forecasts Low Rent Growth Amid High-Supply Headwinds
Freddie Mac Multifamily, McLean, Va., expects multifamily performance to remain muted for the remainder of the year as the market works through a historically high supply of new units.
CoreLogic: Year-Over-Year Rent Growth at 2.6% in January
CoreLogic, Irvine, Calif., released its single-family rent index, showing single-family rental costs increased by 2.6% year-over-year in January.
CBRE: Renting Less Expensive Than Mortgage Payments
CBRE, Dallas, released a new report finding average mortgage payments are 38% higher than average apartment rents as of year-end.