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Stories Tagged as

Rental market

How brutal is NYC’s rental market? Just ask this producer.

by Dylan Miettinen
Sep 28, 2022
One report found that net effective median rent in Brooklyn jumped more than 27% year-over-year in August.
A public radio producer, two roommates and a corgi team up to take on Brooklyn's competitive rental market.
Dylan Miettinen/Marketplace
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Rent caps come to the fore as hikes spike

by Samantha Fields
Aug 30, 2022
Rents have been rising fast along with the price of homes, prompting discussion of rent control or stabilization.
Rent prices are on the rise across the U.S., prompting conversation about setting limits on increases. 
Brandon Bell/Getty Images
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Developers press on with apartment building as would-be homeowners rent instead

by Matt Levin
Aug 15, 2022
Putting rental units on the market isn't easy, though.
Supply chain issues and rising labor costs make it hard to get new apartment buildings on the market.
Frederic J. Brown/AFP via Getty Images
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Higher interest rates may not make a dent in rising rents for more than a year

by Sabri Ben-Achour
Jul 12, 2022
Rent growth is expected to ease after interest rates slow down homebuying. It will take even longer for inflation numbers to reflect that.
Month-over-month rent increases should begin to slow as demand cools.
Mario Tama/Getty Images
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Is the rental market slowing down? Maybe.

by Sabri Ben-Achour
Jul 7, 2022
Some private-sector sources are reporting that year-over-year rent increases slowed down in June. This could be good news for inflation, but not anytime soon.
Rent for one-bedroom apartments went up .5% from May to June, which is less than previous months, according to data from Zumper.
Brandon Bell/Getty Images
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What's behind significant rent increases in some U.S. cities?

by Samantha Fields
Apr 27, 2022
People looking to break out of shared housing are increasing demand for rentals, but supply is limited.
Some markets across the U.S. have seen double-digit percent increases in apartment rents.
Patrick T. Fallon/AFP via Getty Images
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Adventures in Housing

Apartment hunting? In New York City? In this economy? Fuhgeddaboudit.

by Maria Hollenhorst
Mar 30, 2022
“It's a new level of insanity in the market,” said recent New York City apartment seeker, Maya Kosoff.
The average price to rent a two-bedroom apartment in New York City reached $2,152 in February, according to a report from Apartment List.
Photo by Drew Angerer/Getty Images
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Pandemic puts more rental properties in private equity hands

by Caroline Champlin
Oct 21, 2021
Investment firms might be able to pay more for renovations, but critics say they accelerate evictions.
With landlords dealing with financial stress brought on by COVID, selling properties to private equity firms can be appealing.
Frederic J. Brown/AFP via Getty Images
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Adventures in Housing

Searching for a rental as prices rise ... and rise

by Maria Hollenhorst
Sep 6, 2021
In Spokane, Washington’s hot rental market, finding an affordable home is “like a full time job” said Spokane Valley resident Kali Capps.
Because of Spokane, Washington's hot rental market, sales representative Kali Capps opted for an apartment out of her price range because “it was the absolute only option that we had,” she said.
Spencer Platt via Getty Images
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Rents are rising again, making it hard to find an apartment

by Andy Uhler
Jul 22, 2021
Bidding wars to rent? One would-be renter says that's going on in Houston, Texas.
While rents in urban areas dipped during the pandemic, they're climbing back up and inspiring rental bidding wars in some markets.
Justin Sullivan via Getty Images
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