Many renters across the United States are struggling with significant hikes in rent prices. While an annual increase is usually expected at a reasonable rate, all bets are off in the current housing.
While most renters are interested in owning a home in the future, this is still a years-away goal for many. According to a new survey, the majority of renters polled say they can't currently save up.
In February, national rents grew 17.1% year-over-year to a new high of $1,792 per month, with rents continuing to increase the most in the Sun Belt metros at an average growth rate of 22.5%.
When COVID-19 hit the U.S., I was one of many 20-somethings who moved back home. Little did I know I'd stay there for nearly two years as the country grappled with wave after wave of COVID surges, and.
With U.S. home prices surging to historic highs and rents rising across the country, lawmakers are once again taking aim at rent control legislation to promote more affordable housing. See: Rental.