Tag: Housing affordability crisis
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Pay the Rent: Cooling Rents Provide Some Relief Amidst Housing Affordability Crisis
Amidst the soaring costs of housing, half of US renters find themselves grappling with rents beyond their means. A recent report by Realtor.com reveals a gradual cooling in the national rental market, marking an eighth consecutive month of annual rent declines. However, the median rent though down from its peak remains $309 higher than pre-pandemic…