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The Moody’s Analytics study found that during the 2022 fourth quarter, the national average rent-to-income (RTI) ratio reached 30% for the first time in its 20-plus years of tracking the metric.
Eviction rates are rising across the nation, with filings up more than 50% than the pre-pandemic average in some cities, according to the Eviction Lab. At the same time, rents are soaring. Real ...
Middle- and lower-class renters, on the other hand, saw rent increases of 2% in 2023, according to the firm—and that's on top of roughly 20% increases since the pandemic. The silver lining is ...
Much of the increase was driven by increased rent costs, up 0.4%, a 0.2% jump since September. ... While real wages are up to 1.4% compared to 1% reported in October 2023; the month-to-month ...
Renters may finally get some relief from runaway rental prices in 2023. Rebecca Chen. January 20, 2023 at 8:24 AM ... that amount of exodus is not sufficient to offset the increase of rent.” ...
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The U.S. experienced a 12% increase in homelessness from 2022 to 2023 as rents soared and pandemic resources evaporated, according to the Department of Housing and Urban Development. “I have ...
Rent in New Jersey is on the rise. That's the state of the market, according to Rent.com's analysis from 2023 numbers. New Jersey's rent prices rose 4.24% from 2022 to an average of $2,841. In ...