Asking Rents for Newly Built Apartments Rise 1.5%, the Biggest Spike in 18 Months
The median asking rent for a new apartment rose 1.5% year over year to $1,802 in the third quarter. Asking rents fell in the Northeast,
Sheharyar Bokhari is a Principal Economist and spokesperson at Redfin, where he leads housing market research and oversees the data published through Redfin's Data Center.
His research covers luxury real estate, investor activity, climate risk, affordability in the for-sale and rental markets, and generational housing trends across the U.S.
Prior to joining Redfin, he created commercial real estate sale and rental price indices at the MIT Center for Real Estate. He holds a PhD in Urban and Real Estate Studies from MIT.
The median asking rent for a new apartment rose 1.5% year over year to $1,802 in the third quarter. Asking rents fell in the Northeast,
U.S. investor home purchases fell 2% year over year in the third quarter, a much smaller change than the swings of the last several years.
Renters are most likely to pay under $1,000 a month in Oklahoma City, New Orleans and Cleveland, and least likely in San Diego, San Jose
54% of U.S. apartments that were completed in the first quarter rented within three months, up from 47% a quarter earlier. Newly-built studio apartments rented
The asking rent for a new apartment fell to $1,746 in the second quarter, down 6.2% from a year ago. One-bedroom apartments fell the most,
During the last election cycle, the typical swing state renter household earned 21% less than they needed to afford the median priced apartment. Still, many
The median asking rent for a new apartment rose 1.5% year over year to $1,802 in the third quarter. Asking rents fell in the Northeast,
U.S. investor home purchases fell 2% year over year in the third quarter, a much smaller change than the swings of the last several years.
Renters are most likely to pay under $1,000 a month in Oklahoma City, New Orleans and Cleveland, and least likely in San Diego, San Jose
54% of U.S. apartments that were completed in the first quarter rented within three months, up from 47% a quarter earlier. Newly-built studio apartments rented
The asking rent for a new apartment fell to $1,746 in the second quarter, down 6.2% from a year ago. One-bedroom apartments fell the most,
During the last election cycle, the typical swing state renter household earned 21% less than they needed to afford the median priced apartment. Still, many