A study by Bankrate indicates that renting is more affordable than buying a home in the 50 largest metro areas in the U.S. London's average advertised rents have increased by 5.3% compared to last year, reaching a record high of £2,633 per month. Nationwide rent growth in April was 0.5%, slightly lower than the previous month. Rent prices in 18 of the 50 largest U.S. metro areas rose annually in March, particularly in the Northeast and Midwest. New York is experiencing strong rent performance in storage and multifamily markets, with significant growth in apartment rents and same-store street rates for NCC units.
Study Finds That Renting Is Cheaper Than Buying A Home In All 50 Of America’s Largest Metro Areas Renting has become more affordable than buying a home in 50 of the largest metro areas in the United States, a recent study reveals. The analysis, performed by Bankrate, found that… https://t.co/Ko16XElith
Several top metros are seeing strong rent performance across their storage and multifamily markets, such as New York. NY outperformed for both apartment rent growth (5.4% YoY) and same-store street rates for 10x10 NCC units (-0.9% YoY) in February. https://t.co/GNwX2dnFVP
Eighteen of the 50 largest U.S. metro areas witnessed rents rise on an annual basis in March, especially in the Northeast and Midwest, where a lack of rental supply is common and owning a home is costly. https://t.co/FRQsH2YOx5
"Across most of the country, rents trended up again in April, following a similar seasonal trajectory as last year. Nationwide rent growth came in at 0.5%, just shy of last month’s 0.6%. Meanwhile, year-over-year rent change is creeping up but remains negative at -0.8%. While… https://t.co/4wcTIbJaWM
#Buy or #rent? Study shows #renting is more affordable in the 50 largest metros via @Bankrate https://t.co/QeCgaRqbBb #RealEstate #RealEstateAdvice
Average advertised rents in London are now 5.3% higher than last year, but the pace of price increases is actually slowing. Rightmove's data shows rental prices climbed by £2 in the first three months of the year to a record high of £2,633 per month. https://t.co/4siYGcsHAn