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Are We One Step Closer to National Rent Control?
- Autor: Vários
- Narrador: Vários
- Editor: Podcast
- Duración: 0:07:26
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Sinopsis
The Biden Administration launched a broad-based effort by federal agencies to “improve the quality of life for renters.” The announcement comes at a time when 40% of renters are struggling to keep up with their rent payments, but raises questions about how to make housing affordable in a way that is fair for both renters and landlords. (1) Hi, I'm Kathy Fettke and this is Real Estate News for Investors. If you like our podcast, please subscribe and leave us a review. U.S. Rent Growth Rents have been soaring across the country, as housing demand continues to outpace supply, but it has also been slowing down as the Federal Reserve works to slow inflation with rate hikes. According to Zillow, typical U.S. asking rents are $1,981, which represents a yearly growth rate of 7.4%. That’s down from a peak of 17.1% last February. (2) Rents and rent growth vary wildly from market to market. In Miami, year-over-year rent growth is 11.7% while Las Vegas is showing a negative .9% increase. A few other examples incl