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Stories Tagged as

Rent

Gen Z is burdened by rent. That doesn't bode well for its future wealth

by Caleigh Wells
Oct 23, 2024
A majority of 18-to-25-year-olds spend more than 30% of their pre-tax income on rent.
Two consecutive rent-burdened generations can't keep up with the housing market.
Bridget Bennet for the Washington Post/Getty Images
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Latest Census data show an increase in childhood poverty

by Matt Levin
Sep 13, 2024
Despite wage gains, lower-income families have been hit hard by inflation and the expiration of pandemic-era benefits.
In 2021, largely because of a temporary expanded child tax credit, only about 5% of children lived in poverty. Now, nearly 14% of children do.
Larry French/Getty Images for SKDK
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Apartment rents aren't rising as quickly anymore, but remain far higher than pre-pandemic

by Samantha Fields
Sep 3, 2024
In New York the median rent for a one-bedroom just crossed $4,500, by one estimate.
A milestone few New Yorkers are celebrating: The median rent for a one-bedroom apartment there is currently $4,500.
Spencer Platt/Getty Images
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Housing a big driver of inflation in the July CPI, but there's a lag

by Sabri Ben-Achour
Aug 14, 2024
The data shows rising shelter costs, but industry experts say current market conditions tell a different story.
Overall inflation continues to ease. Housing costs complicate the picture, though.
Mario Tama/Getty Images
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More trouble for real estate loans, but not the kind you think

by Matt Levin
Aug 8, 2024
High interest rates, lower than expected rents, and an oversupply of new apartments are squeezing landlords, especially those located in Sunbelt states.
Apartments are stealing office buildings' thunder when it comes to economic distress.
Angela Weiss/AFP via Getty Images
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Mobile home parks shelter many who seek low costs, but they can't keep out risk 

by Elizabeth Trovall
Aug 6, 2024
Housing costs have jumped in Boulder, Colorado. Can the state and city protect low-income residents?
Miriam De Santiago helps her Spanish-speaking neighbors learn about their rights as tenants.
Elizabeth Trovall/Marketplace
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Rise in house completions means relief is coming for home seekers

by Samantha Fields
Jul 17, 2024
The increase in housing supply will help bring down, or at least steady, prices, experts say.
"The best way to deal with inflation is supply, right?" says Logan Mohtashami of HousingWire. "You want to build as much as you can and get those homes out there for people to live in and bring down the rise of rents."
ANNVIPS/iStock / Getty Images Plu
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Mobile home rent discrimination case raises legal questions in Massachusetts

by Simón Rios
Jul 3, 2024
The state bans price discrimination at parks. Hometown America argues it should be able to charge new residents more than longtime ones.
Ed and Rose Bartok look at their lilac bush in the front yard of their home at the Miller’s Woods and River Bend manufactured home community in Athol, Massachusetts.
Jesse Costa/WBUR
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U.S. rents have grown faster than wages for the past 5 years

by Samantha Fields
May 8, 2024
Rent growth is slower in some places, but much faster in others. We're looking at you, New York City.
Rent grew seven times faster than wages last year in New York City; rents also outpace wages in Boston, Cincinnati, Buffalo and Chicago.
Spencer Platt/Getty Images
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RealPage rent-fixing lawsuit highlights use of algorithms to set rents

by Matt Levin
Apr 16, 2024
Lawsuits allege that RealPage, a company many large landlords use to price their apartments, uses confidential data in an anti-competitive way.
"The lack of transparency encourages rents to spiral upwards," said Shanti Singh of the advocacy group Tenants Together.
Joe Raedle/Getty Images
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