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US Median Rents Fall for Eighth Month on Boom in New Apartments
- k310 3y agoTwo articles say the same thing with entirely different headlines. Record number of Americans are homeless amid nationwide surge in rent https://news.ycombinator.com/item?id=39157015 https://news.ycombinator.com/item?id=39157015 CBS article says: “ Although the rental market is showing signs of cooling, the median rent in the U.S. was $1,964 in December 2023, up 23% from before the pandemic, according to online housing marketplace Rent” “December rents remain 22% higher than before the pandemic” in the Bloomberg article. But Bloomberg has a lot more on the latest 8 months (decline, and it’s expected to continue.) Danielle Hale, chief economist at Realtor.com, expects “continued weakness in the rental market for 2024, as a much-needed supply of apartment units continues to come onto the market and further impacts market dynamics.” Archived at: https://archive.is/ap1Fx https://archive.is/ap1Fx Pick your time period.