Renters Seek Affordable Housing and Space as Prices Decline

Reported about 3 hours ago

Rental prices have dropped for the 25th consecutive month, with a 2.2% decrease in August compared to the previous year, allowing renters to seek more space and affordable homes. Despite this decline, rents are still 17% higher than pre-pandemic levels. Increased mobility among renters has been observed, as many are willing to sacrifice certain amenities for lower costs, driven by the desire for better living conditions.

Source: YAHOO

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