Page 10 - அடுக்குமாடி இல்லங்கள் பட்டியல் News Today : Breaking News, Live Updates & Top Stories | Vimarsana
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The cost of renting a home is soaring in cities nationwide, squeezing the finances of low-income households and threatening the consensus that pandemic inflation will soon fade away.
The median national rent climbed 9.2% in the first half of 2021, according to Apartment List. While part of the increase reflects a bounce-back in prices that dropped earlier in the pandemic, the real-estate firm says rents are now higher than if they had stayed on their pre-covid track.
And theyâre still rising at a rapid clip â just at the time of year when the largest number of lease renewals fall due, locking millions of tenants into bigger monthly bills. Surveys by the New York Fed and Fannie Mae suggest renters are braced for further hikes of 7% to 10% in the coming year.