Apartment Rent Housing Costs Soar Average Us Rental Price Surpasses 1 200 For 1St Time
The soaring post-COVID cost of rent rose nearly 10 percent in the first half of 2021 as the country continues pulling out of the pandemic that has gripped the country—and stagnated housing costs—since the spring of 2020. Real estate experts and research analysts at Apartment List said summer lease renewals this year will lock millions of already-struggling Americans into even higher monthly rent bills. The Apartment List national rent report for the first half of 2021 showed much of the rent increase reflects bounce-back pricing, but the cost of rent has skyrocketed so quickly that the national average is now higher than it was before the pandemic....