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- Rent prices fell down Since 2022, it can almost 5%, but according to RedFin, prices can rise soon as the pandemic apartment boom slows down. Developers struggle for more than three months after graduating from newly built apartments.
Redfin says he says that in the last three years, but recently prices can begin to rise soon.
In the United States, Median, $ 1,625 in April, in August 2022, 5% of the record of $ 1605.
During the month a month, Kiram over a month, but decreased by 1% for that period of the year, a year ago, decreased by 1% a year ago, decreased by 14 months and decreased as a result of decline and demand.
“There are more apartments than those who want to rent because they are slow to ask the rents,” he said. Statement on Monday. “The renter’s demand is strong, but the growth in housing supply is becoming more strengthening, as the pandemic was allowed to allow many construction permit, which is allowed to rent.”
In fact, the information on Friday has confirmed that it is more confirmed. In addition, construction permits in April in April, also decreased by 3.2% per year and 4.7% decreased from March. US Census Information.
It comes after a building boom, which adds millions of new units. The seasonally corrected annual apartment completion was 1.76 million August 1.76 million in April in April, but still 1.17 million pace in May 2020 US Census Information is designed by the Saint Louis Fed.
The country’s supply is over and less solid demand, and the new lists are contributed by 5.1%, and the total number of common houses due to a different place has an increase of 14.3% Redfin report.
In recent years, the number of tenants has not been maintained, and the number of new houses and housing complexes are struggling to fight the flow of supply required.
The ratio of vacancies in buildings in the first quarter has risen to buildings from 7.5% to 7.7% in the last quarter of last year, from 7.5% to 7.7% US Census Information. The buildings with five or more units remain 8.2% empty, the same as the previous quarter.
In addition, 47% of newly built apartments in the third quarter of 2024 were leased in a different way in three months Redfin US Census Information Analysis. From the beginning of the fourth quarter of 2023 and the beginning of the pandemic, until 2012, until 2012, was closed for the lowest percentage of records.
Asking the rent, Austin, Texas, Austin, Texas, last month, with an average of about 10% of the year with about 10% decreased.
“Austin said that many people in Austin said,” Austin real estate agent Andrew Vallejo said. “You can get a home and have a $ 3,200 monthly mortgage payment, the same house will be leased for $ 1,900.
Other cities witnessing a decrease in the rent include Minneapolis (-7.3%), Portland, ORE (-5.3%), Raleigh, NC (-5.2%), San Diego (-5.2%), FLA, (-5.2%).
High median housing prices and rising mortgage prices continue to draw housing marketSome cities of the country sees the rent.
Rental prices, Cincinnati (8.7%), Pittsburgh (7.5%), Baltimore (5.9%), Ala (5.8%) and Washington, DC (5.2%) have increased the most in the DC (5.2%).
This story was first displayed Fortune.com
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