Nationwide rents rose in July, suggesting that the rental market is still putting upward pressure on overall inflation.
A new report from Rent.com released on Friday found that rent prices rose by less than half of a percentage point from the month before. The national median rent price is now $2,038, which is just $15 away from the data set’s record notched in August 2022.On an annual basis, rent prices in July rose by just 0.3%.
Higher rents have fed into the surging inflation of the past two years — rent makes up about 7% of the consumer price index. Still, just over a dozen states actually notched annual declines in rent prices. Average prices fell the fastest in Washington State with about a 7.7% annual decrease. Pennsylvania and Oregon both saw rents fall by more than 5% over the past year, according to the research.As of Thursday, the average rate on a 30-year fixed-rate mortgage was 7.09%, more than double the average before the Fed started raising interest rates, according to Freddie Mac.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Private equity firms are buying Brooklyn real estate and jacking up rentsInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Leer más »
Houston man rents new home, discovers he's victim of growing scam affecting millionsA Houston man makes himself at home only to discover he's the victim of a growing scam affecting millions of consumers across the United States.
Leer más »
'The Damar Effect' -- the nationwide backorder on a lifesaving machine and the 630% increase in CPRThe AHA says they saw a 620% increase in page views to the “Hands-Only CPR” pages on its website along with a 145% increase in page views to their 'What is CPR' page.
Leer más »
Here's the Plan to Take Montana's Massive Climate Win NationwideA Montana court ruled that youth have a right to a livable climate. Now, lawsuits around the country are working to build on that success
Leer más »
Singer Ed Sheeran’s hot sauce, ‘Tingly Ted’s,’ is rolling out nationwideThe sauce, in two flavors, was available for pre-order in February of this year. It is now available online and at retailers.
Leer más »
Indosec, a Cybersecurity Event or a Nationwide Necessity?Indosec, a Cybersecurity Event or a Nationwide Necessity?
Leer más »