As inflation soars, here's how average residential rents are trending in the Bay Area
As inflation soars, here's how average residential rents are trending in the Bay Area
The average cost of an apartment has risen beyond pre-pandemic levels across the nation โ just not in these parts of the Bay Area.
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The average cost of an apartment has risen beyond pre-pandemic levels across the nation โ just not in these parts of the Bay Area.
The average cost of an apartment has risen beyond pre-pandemic levels across the nation โ just not in these parts of the Bay Area.
The cost of nearly everything is on the rise, and rents are no exception. Here's how average rents are trending locally.
The cost of nearly everything is on the rise, and rents are no exception. Here's how average rents are trending locally.
Rents for apartments in Tampa Bay have increased by over 50% since 2018, the second-highest in the nation.
Rents for apartments in Tampa Bay have increased by over 50% since 2018, the second-highest in the nation.
What experts are calling a โperfect stormโ of factors has driven rents to all-time highs, and a 15.5 percent change between Q2 2021 and Q2 2022 in the Birmingham-Hoover MSA.
What experts are calling a โperfect stormโ of factors has driven rents to all-time highs, and a 15.5 percent change between Q2 2021 and Q2 2022 in the Birmingham-Hoover MSA.
Inflation drove the maximum rent increases to the highest level yet.
Inflation drove the maximum rent increases to the highest level yet.
Rent growth for apartments looks to have peaked after a tremendous run in 2021, and that could boost some of the real estate stocks that were the early darlings of the pandemic. Nationally rents rose just 0.8% between June and July, one third the growth seen across the same period a year ago, according to RealPage. On an annual basis, rents in July were up 12.2%, compared with 13.8% year-over-year growth in June. The cooling comes amid a downturn in affordability. Rent growth has outpaced income...
Rent growth for apartments looks to have peaked after a tremendous run in 2021, and that could boost some of the real estate stocks that were the early darlings of the pandemic. Nationally rents rose just 0.8% between June and July, one third the growth seen across the same period a year ago, according to RealPage. On an annual basis, rents in July were up 12.2%, compared with 13.8% year-over-year growth in June. The cooling comes amid a downturn in affordability. Rent growth has outpaced income...
Summer's here, and it's a hot one.ย Forecasts from the Farmers' Almanac, the National Oceanic and Atmospheric Administration and The Weather Company โ the IBM-owned forecasting and tech firm โ all say the same thing: This summer is going to be hotter than average. Meanwhile, U.S. consumers are also dealing with the highest inflation in 40 years, pushing up prices on everything from energy costs to food.ย In May, energy costs were up nearly 35% from a year earlier, with gasoline and fuel oil...
Summer's here, and it's a hot one.ย Forecasts from the Farmers' Almanac, the National Oceanic and Atmospheric Administration and The Weather Company โ the IBM-owned forecasting and tech firm โ all say the same thing: This summer is going to be hotter than average. Meanwhile, U.S. consumers are also dealing with the highest inflation in 40 years, pushing up prices on everything from energy costs to food.ย In May, energy costs were up nearly 35% from a year earlier, with gasoline and fuel oil...
Average apartment rents are on the rise around the nation, but some experts believe a dose of relief is on the horizon.
Average apartment rents are on the rise around the nation, but some experts believe a dose of relief is on the horizon.
The price tag is around $40 million more than when the apartments were last sold less than three years ago.
The price tag is around $40 million more than when the apartments were last sold less than three years ago.
While the rest of the nation may be in danger of being oversupplied, metro Phoenix still doesn't have enough apartment units to meet demand. Here's how builders and investors see the situation.
While the rest of the nation may be in danger of being oversupplied, metro Phoenix still doesn't have enough apartment units to meet demand. Here's how builders and investors see the situation.