Support the fact-based journalism you rely on with a donation to Marketplace today. Give Now!

U.S. asking rents decline (slightly), but continue to rise in some regions

Jul 28, 2023
Asking rents are down 1% nationally, though they're still rising in some regions.
A man watches apartment construction in Austin, Texas. The increase in apartment supply is one reason for cooling rents.
Brandon Bell/Getty Images

Co-buying a house with your best friend

Jul 27, 2023
The lack of affordability has spurred “nontraditional setups” like this partnership between women who trust each other and work well together.
In 2022, Cass Lang, left, and Jordan Heiden bought a home together in Vermont. “We both wanted the same thing at the same time, so why would we not do it?” Lang said.
Courtesy Lang

With housing in short supply, some resort towns pay landlords to rent to locals

Jun 1, 2023
Resort communities that saw growth during the pandemic are trying to stop the bleed of local workers being priced out.
Amber Kennedy’s roommate in the house they rent through Lease to Locals, a program that encourages property owners to rent to local workers.
Rachel Cohen

Millions of dilapidated houses sit vacant in the U.S. A Colorado college program aims to change that.

May 11, 2023
Construction students get blighted homes back on the market under the auspices of a community college program.
Jerry Begley, construction training program manager at Trinidad State College, points to the century-old earthen interior of a COPERR program project in the west end of town.
Dan Boyce

Lower mortgage fee will help some buyers with Fannie and Freddie loans

Apr 25, 2023
The Federal Housing Finance Agency will lower the loan-level price adjustment fee for people with smaller down payments.
The number of new home sales was up almost 10% in March, according to the U.S. Census Bureau and Department of Housing and Urban Development.
Justin Sullivan/Getty Images

What high mortgage rates have to do with your rent

Apr 11, 2023
Rising mortgage rates have kept would-be buyers renting — straining the supply of available apartments and pushing prices up.
Despite slowing rent inflation, high mortgage rates are keeping some would-be homebuyers in apartments — which can increase competition and boost the cost of rent.
Justin Sullivan/Getty Images

Western resort towns see record-breaking real estate prices — and housing woes

Mar 6, 2023
More wealthy people are moving to mountain communities, pushing up home values and pushing out some local workers.
Ariel Kazunas says she’s dealt with unstable housing for most of the decade she's lived in Jackson Hole, Wyoming. For one season, she lived out of a vehicle.
Courtesy Joey Sackett

For public good, not for profit.

The average U.S. renter now spends 30% of their income on rent, a new all-time high

Jan 20, 2023
When people have to spend more and more on rent, there's not much left over for other essentials.
Though there are large geographic differences, the average renter household in the U.S. is spending 30% of their income on rent.
Joe Raedle/Getty Images

Home affordability is up — by a smidge

Aug 25, 2022
The Mortgage Bankers Association reports the average monthly payment on a new mortgage in July was $1,844, down $49 from June, as mortgage rates and loan amounts edged lower.
So home affordability — a ratio of average income to average monthly mortgage payment — has improved slightly in recent months.
Justin Sullivan/Getty Images

Remote workers have stayed in Truckee, California, but not the local workforce

Aug 16, 2022
Skyrocketing housing costs are driving out the local labor force, leaving all kinds of businesses in the small town short-staffed.
Truckee, California, became a haven for remote workers early in the pandemic.
Matt Gush/Getty Images