mortgage rates: First Signs of Rent Frenzy Ending
- 06/30/22 05:36 AM
Prices still rising, but less than before After months of soaring rents, firms tracking national apartment prices say national rent growth has slowed, an early sign of a cooling market. A recent report by rental platform Apartment List showed that in June, monthly rent growth for a median apartment — 1.3 percent — was the same as in May, marking the first time this year that it did not increase from one month to the next. Data from Zumper, another rental platform, supported those findings. A Wednesday report found median rent for a one-bedroom in June had risen just 0.5 percent over last month, “a much more reasonable growth rate … (1 comments)
mortgage rates: Amid housing slump, home sizes shrink
- 11/16/10 03:24 AM
The median American home size has dropped to 2,100 square feet -- down from 2,300 at the peak of the housing boom in 2007 -- according to a study by Trulia.com, a real estate website. Each year, Builder magazine designs a concept home to reflect the current state of the market. This year, the "Home for the New Economy" is just 1700 square feet. In part, the downsizing trend is a product of necessity. During the years of the housing boom, many home expansions were financed through home re-financing deals. Now that home loans have frozen up, people are less likely … (3 comments)
Prices still rising, but less than before
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