Rents in the US just hit another record high – KION546 - News Summed Up

Rents in the US just hit another record high – KION546


April marks the third consecutive month in which annual rent growth has slowed from the peak in January. Still, while annual price growth dropped slightly from March — when rents climbed 17% year-over-year — last month’s increase was significant. And some cities saw rent increases that were even more jaw dropping. Other Sun Belt cities also experienced large year-over-year growth, including Orlando and Tampa, Florida; San Diego and Las Vegas. Pittsburgh, Detroit and Minneapolis saw the smallest annual rent growth in April, all with rents that increased by 5.5% or less annually.


Source: CNN May 20, 2022 06:20 UTC



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