Renters and Landlords in Today’s Rental Market
Here’s some positive news for renters, though it may not be as encouraging for landlords: rental prices in the United States have continued to decline, marking the 15th consecutive month of year-over-year decreases. In October 2024, the median asking rent fell by $14, or 0.8%, bringing the average rent down to $1,720. Modest Relief Amidst High Rents While this reduction may seem modest to renters, it offers significant relief to…