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The national median asking rent was up 14 percent in July over July the previous year, the smallest annual increase since November 2021, according to a new report from Redfin. While that percentage is still high, it has decreased from…
By Adriana Morga, Associated Press
Rising mortgage rates and lingering inflation are forcing many Americans to put plans to buy a home on hold. That is pushing up rent prices for others. As economics correspondent Paul Solman explains, no one has experienced that more acutely…
By Paul Solman, Ryan Connelly Holmes
In the past year, the median home price has jumped more than 15 percent, according to data compiled from the St. Louis Federal Reserve. And renters are feeling similar pain: On average, rents in May were up 15 percent than…
By Tim McPhillips
The Senate Banking Committee explored the state of housing in the United States in a hearing Thursday, as rising mortgage rates, low inventory and high home and rental prices squeeze consumers.
By Molly Finnegan and Ken Sweet, Michael Casey, Alex Veiga, Associated Press
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