Rents in most major U.S. metropolitan areas rose 1.5 times faster than wages from 2019 to 2023, with Florida cities like Tampa and Jacksonville experiencing rent surges three times quicker than wage growth.
Treasury Secretary Janet Yellen highlighted the housing shortage issue, noting a stabilization in rental prices of new apartments and single-family homes could alleviate inflation that rent increases are contributing to.
[
Collection
]
[
|
...
]