Reported 1 day ago
A new Redfin report reveals a mixed rental market in the U.S., with national median asking rents unchanged at $1,619, but significant regional variations. While the East Coast and Midwest see significant rent spikes, particularly in cities like Virginia Beach and Washington D.C., the Sun Belt states, such as Florida and Texas, are experiencing declining rents due to oversupply. As construction slows, the rental landscape remains competitive with prices per square foot dropping.
Source: YAHOO