Apartment rents are on a tear of historic proportions.
National median rents have increased by nearly quadruple the typical increase in any normal year.
And it doesn’t seem to be slowing down.
Have you tried to buy a house lately?
House prices increased by the fastest rate on record in July; simply put, renters can’t afford to buy a house right now.
And not only are renters getting priced out of the market, but they are also relocating.
Despite some return to normalcy in urban locations, many young renters have fled the big city, spurred by the ability to ‘work from anywhere’, better work opportunities, and a desire for more affordable housing.… Read more