Saturday, 1 October 2022 | The Latest Buzz for the Appraisal Industry

Average Rent and Mortgage Payments Rise

As the economy continues to see consumer prices for everything rise across the board, rent and mortgage rates have also increased with some cities seeing a 30% increase in rent prices since last year.  According to Redfin, the average national rent price has increased 13% over the last year, falling behind monthly mortgages which rose 17% during the same time. This …

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