Rent Increases See Historic Highs: Should Landlords Rejoice?
The days of pandemic pricing are long behind us.
Last year, landlords were so desperate to lock tenants into leases that they were willing to give away free months of rent to seal those deals. This year, there's a lot more demand for rentals as the U.S. economy has improved and Americans are shoring up their finances and solidifying their living arrangements. That's put landlords in a prime position to benefit.
According to Zumper's November rent report, the median one-bedroom rent is up 12.1% percent from the start of the year, while the median two-bedroom rent is up 13.2%. In some markets, rents are soaring even more.
Source Fool.com
