rentprices
Nationwide, rents remained fairly flat in July. But in some markets, prices soared several dozen percentage points higher than they were a year ago. Jonas Bordo of Dwellsy shares 20 cities across America where renters are experiencing more than a little sticker shock. But when it comes to markets with the fastest-rising rents, well, that’s a different story. This group changes rapidly and unpredictably, and often includes cities you’d never expect. “July’s hottest rental markets are spread all over the country—from the East Coast to the West…and lots are in the Midwest, too,” says Bordo, coaut...
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The U.S. rental market is experiencing a moderation trend, but prices vary dramatically by region. Jonas Bordo of Dwellsy breaks down which parts of the country are most and least expensive for renters, and which regions are seeing rising (or falling) asking rents. “When our team looked at the data, we found that some of our preconceived notions about regional rents turned out to be correct – but other assumptions were soundly overturned,” says Bordo, coauthor along with Hannah Hildebolt of Everything You Need to Know About Renting But Didn’t Know to Ask (Matt Holt, August 2023, ISBN: 978-1-63...
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Dwellsy’s May data report reveals that while apartment rent continues to creep upward, price increases are still in the “expected” realm—and overall, the market can look forward to a period of moderation. Los Altos, CA (June 2023) – Sorry, apartment-dwellers. Once again, you’re facing an increase in asking rent. From March to April, rent for one-bedroom apartments rose 1.1 percent, or $14. And between April and May, it edged up a further 0.5 percent, or $6. “Everything we’re seeing is in line with a normal seasonal rent cycle, in which prices edge upward between April and October,” says Bordo,...
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For both apartments and single-family homes, asking rent hasn’t changed much since last month. Jonas Bordo of Dwellsy explains why he’s forecasting a flat-rent summer. Rents Flattened Out In May“After seeing rent increases between March and April, May’s numbers have largely flattened out,” says Bordo, coauthor along with Hannah Hildebolt of Everything You Need to Know About Renting But Didn’t Know to Ask: All the Insider Dirt to Help You Get the Best Deal and Avoid Disaster (Matt Holt, August 2023, ISBN: 978-1-6377439-2-8, $21.95). “It’s possible that despite adhering to established seasonal t...
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According to Dwellsy’s March data report, apartment rent has slipped slightly downward. But in some expensive cities, renting even a one-bedroom place will cost you plenty. If you back up and look at the year-over-year change for one-bedroom apartments, you’ll see that median asking rent has decreased 0.1 percent—which is (wait for it!) $1.00—since March of 2022. From February to March it decreased by 0.5 percent, or $7.00. (Hey, he never said you were getting rich—but every little bit helps, right?) “The good news for cash-strapped renters is that these decreases are part of a longer-lived tr...
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Dwellsy’s latest data analysis reveals which twenty cities have the fastest-rising rent. With year-over-year price increases of at least 20 percent, they’ve all earned their places on this list. Los Altos, CA (March 2023) – As the Fed continues to combat inflation and (hopefully) stave off a recession, most of us have been dismayed to find that our dollars aren’t going as far as they used to. Q4 2022 hedge fund letters, conferences and more “While year-over-year rent for both single-family home rentals (SFRs) and apartments is up, in most markets price increases have stayed under +10 percent,”...
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Dwellsy’s February data drop reveals that there were no unexpected changes in rent prices last month—which comes as a relief after January’s single-family home price surge. (Apartment-dwellers, your rent hasn’t changed significantly in quite some time. Aren’t you lucky?) February Rent Prices Decrease 1.2 PercentQ4 2022 hedge fund letters, conferences and more “When you track rental data for a living, you quickly learn that ‘predictable’ is not a bad thing,” says Jonas Bordo, CEO and cofounder of Dwellsy. “Especially in the volatile rental market of the past few years, unexpected price jumps ha...
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