Surging gas prices and sky-high mortgages and rent sent inflation rising more than expected in March, adding to Americans’ prolonged and painful battle with high costs. That could force the Federal Reserve to keep its punishing rates higher for longer. US consumer prices picked up again last month, vaulting to a 3.5% increase for the […]
Tag: Rent
Millennials believe parents should pay their rent
Faced with years of skyrocketing housing and renting prices, 50 percent of millennials think their parents should help them pay rent while they save money toward the eventual purchase of a home, a recent exclusive poll found. The poll, conducted by Redfield & Wilton Strategies between February 18-19 among a pool of 1,500 eligible voters […]
Rents are rising everywhere. Can we afford them much longer?
Rents continue to rise at the fastest pace in decades, making housing costlier than ever for many Americans. Nationally, rents rose a record 11.3 percent last year, according to real estate research firm CoStar Group. That fast pace of growth remained elevated in the first months of 2022, as many parts of the country continued […]
Rents Reach ‘Insane’ Levels across US with no relief in sight
Krystal Guerra’s Miami apartment has a tiny kitchen, cracked tiles, warped cabinets, no dishwasher and hardly any storage space. But Guerra was fine with the apartment’s shortcomings. It was all part of being a 32-year-old graduate student in South Florida, she reasoned, and she was happy to live there for a few more years as […]