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Rents fall in July due to rising supply of apartments — but they're up 25% since before the pandemic

Por: MarketWatch Business August 21, 2023

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Lower rents likely translate into good news. The U.S. economy has , which is primarily being driven by rising housing costs. The U.S. Federal Reserve has to curb rising inflation. Rents, however, have still not fallen to pre-pandemic levels. Rents are up nearly 25% in July 2023, compared to July 2019. Rents rose the most on an annual basis for a two-bedroom unit. The median rent for a two-bed was $1,948, up nearly 27% from July 2019. “Renters... + full article



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