Rental costs are still surging in these cities

REALTORMag

Rents have been slowing in many areas, but exceptions are still giving renters sticker shock. Rents in the nation’s largest cities, in particular, continue to grow.

Nearly half of renters—or 46 percent—devote more than 30 percent of their income to rent, according to Census Bureau data. Economists consider that “cost-burdened.”

SmartAsset, a personal finance Website, analyzed data median household incomes and average rents and compared them in 2013 to 2016.

READ ON:

 

Share this!

Additional Articles

Meet the No. 1 builder: D.R. Horton

(Disclosure: Rose Law Group represents D.R. Horton.) By Vincent Salandro | Builder As the nation’s largest builder, D.R. Horton continues to lean into its scale and discipline to navigate the market.

Read More »
News Categories

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.

Greater Phoenix housing market update

By Arizona Digital Free Press Greater Phoenix home sales increased in March, indicating continued market activity despite broader economic and geopolitical uncertainty. Closed sales across the region rose 10%

Read More »