Tuesday, 16 August 2022 | The Latest Buzz for the Appraisal Industry

Median Rental Price Hits New High for 16th Consecutive Month

Nationally, the gap between monthly starter homeownership costs and rents widened by 25.5 percentage points (+$483) from January to June, according to the latest Realtor.com Monthly Rental Report. New data illustrates how higher mortgage rates are increasingly tipping the housing affordability scale in favor of renting over first-time buying. Additionally, more than three-quarters of the …

The post Median Rental Price Hits New High for 16th Consecutive Month appeared first on DSNews.

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