Best US cities for renters as minimum wages rise and cost of housing falls
Briefly

from New York Post2 months ago
As the rental market has cooled, rents have fallen for 16 consecutive months nationwide," says Realtor.com economist Jiayi Xu in her analysis.
New York Posthttps://nypost.com/2024/12/16/real-estate/best-us-cities-for-renters-as-minimum-wages-rise-and-cost-of-housing-falls/
Despite these declines, Xu's analysis reveals that rents have risen significantly since before the COVID-19 pandemic. Still, the increase isn't as dramatic when compared with other economic changes over the same time.
New York Posthttps://nypost.com/2024/12/16/real-estate/best-us-cities-for-renters-as-minimum-wages-rise-and-cost-of-housing-falls/
Starting Jan. 1, 2025, minimum wage increases in 23 of the top 50 metros are expected to bring some much-needed relief.
New York Posthttps://nypost.com/2024/12/16/real-estate/best-us-cities-for-renters-as-minimum-wages-rise-and-cost-of-housing-falls/
Across the 50 largest metros, the median rent was $1,703-down $17 from last month and $57 from its peak in August 2022, according to a new Realtor.com report.
New York Posthttps://nypost.com/2024/12/16/real-estate/best-us-cities-for-renters-as-minimum-wages-rise-and-cost-of-housing-falls/
Read at New York Post
#rents #rental-market #affordability #minimum-wage #housing-costs
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