US Rent Prices Continue To Fall

“now we're paying anywhere between twenty five hundred three thousand or even more in some cases So it's definitely a different market than what it used to be with prices”

“something else so ared too. Real estate prices. It was a bubble. In front of a restaurant, we met Li Chen, who's worked almost 1 0 years for an insurance company.”

“paycheck, I don't know how to pay rent. My bills, she says. people keep dropping off.”

“rent across 50 of the biggest metro areas fell in April, down compared to the same month last year. And the 33rd month in a row that r”

“demand for more supply means lower rents, at least lower than they had been during that pandemic boom.”

“pandemic boom. Susan Wachter at the University of Pennsylvania 's Wharton School says today's increased costs won't show up in rents immediately because it takes a”

“increased costs won't show up in rents immediately because it takes a while to build new units. Those that are going to come tomorrow”

“Canada's build Dunkleberg says inflationary pressures continue to be a challenge for Main Street. A net 30% of owners reporting raising selling prices in recent months. That's up from 25% of March and more than”

“So she adds, renters are still feeling the impact of those higher costs, just not in rents necessarily. But in their utility bills.”

“not in rents necessarily. But in their utility bills. I'm Carla Javier for Marketplace. Let's do the numbers.”