Redfin, Seattle, found that renters need to earn $63,680 to afford the $1,592 median asking rent for a U.S. apartment, the lowest amount needed since March 2022.
Tag: Renters
Redfin: Renters Staying in Homes Longer
Redfin, Seattle, released a new analysis finding that over a third–33.6%–of renters have lived in the same home for at least five years.
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.
RentCafe: Housing, Jobs, Lifestyle Driving American Moves
RentCafe, Santa Barbara, Calif., reported that approximately 24 million Americans moved last year, citing housing, jobs and lifestyle choices as motivations.
Redfin: Renter Households Outpace Homeowner Households
The number of renter households grew 2.7% in the third quarter year-over-year, to a record 45.6 million, Redfin, Seattle reported.
Redfin Finds Young Homeowners More Likely Than Young Renters to Feel Financially Better Off
Around two-thirds of Millennial and Gen Z homeowners say they’re better off financially than they were four years ago, compared to just over half of Millennial and Gen Z renters, according to a new Redfin survey.
Point2: House Renters Prioritizing Space, Pets, Privacy
Point2, Saskatoon, Saskatchewan, conducted a survey of renters of single-family homes, finding that privacy and space are among the top motivators–but the comfort of their furry friends also ranks high.
RentCafe: In Shift, Detroit Tops List of Most Sought-After City for Renters
RentCafe, Santa Barbara, Calif., released its Rental Activity Report for September, finding Detroit took the top spot.
RentCafe Names Overland Park, Kan., as July’s Most Attractive Rental City
RentCafe, Santa Barbara, Calif., found Overland Park, Kan., was the top city for renters’ interest in July, the second time this year it has unseated perennial favorite Minneapolis.
Empowering Renters Empowers the Market
In the face of a housing crisis exacerbated by the pandemic, the role of renter education and financial empowerment grows more crucial every day.