{"id":19172,"date":"2021-07-20T12:13:05","date_gmt":"2021-07-20T12:13:05","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=19172"},"modified":"2021-07-20T12:13:05","modified_gmt":"2021-07-20T12:13:05","slug":"rental-prices-broke-records","status":"publish","type":"post","link":"https:\/\/www.anthonydidonato.net\/wordpress\/rental-prices-broke-records\/","title":{"rendered":"Rental Prices Broke Records"},"content":{"rendered":"

Rental Prices Broke Records<\/h1>\n

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A shortage of homes for sale has forced more prospective buyers to rent. That is driving up prices in the rental market.<\/p>\n

The U.S. median rental price in June jumped 8.1% compared to a year ago, reaching $1,575, realtor.com\u00ae reports. Also, two-bedroom units saw the largest increase in rents at 10.2%, as the demand for more space continued to remain high.<\/p>\n

Rental prices in 44 of the largest 55 metros broke records last month. The largest gains were recorded in Riverside, Calif.; Tampa; and Phoenix, which all posted increases above 20% year-over-year, realtor.com\u00ae reports.<\/p>\n

\u201cThe surge we\u2019re seeing in rental prices is likely to exacerbate the K-shaped, or uneven, nature of the pandemic recovery in the U.S.,\u201d says Danielle Hale, realtor.com\u00ae\u2019s chief economist. \u201cRents are rising at a faster pace than income, which is adding to the challenges faced by lower-income Americans as they struggle to recover from job losses and other hardships brought about by COVID.\u201d<\/p>\n

Rental prices aren\u2019t likely to ease unless there is a shift with a higher number of homes for sale and rent, Hale adds.<\/p>\n

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\"June<\/div>\n<\/div>\n<\/div>\n

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\"June<\/div>\n<\/div>\n<\/div>\n

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realtor.com\u00ae<\/a><\/div>\n
\u00a9National Association of REALTORS\u00ae
\nReprinted with permission<\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Rental Prices Broke Records   A shortage of homes for sale has forced more prospective buyers to rent. That is driving up prices in the rental market. The U.S. median rental price in June jumped 8.1% compared to a year ago, reaching $1,575, realtor.com\u00ae reports. Also, two-bedroom units saw the largest increase in rents at … <\/p>\n

Continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,8],"tags":[5,32,4,9],"class_list":["post-19172","post","type-post","status-publish","format-standard","hentry","category-news","category-real-estate-tips","tag-anthony-didonato","tag-news","tag-real-estate","tag-tips","item-wrap"],"yoast_head":"\nRental Prices Broke Records - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.anthonydidonato.net\/wordpress\/rental-prices-broke-records\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/rental-prices-broke-records\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/rental-prices-broke-records\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"headline\":\"Rental Prices Broke Records\",\"datePublished\":\"2021-07-20T12:13:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/rental-prices-broke-records\\\/\"},\"wordCount\":204,\"publisher\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"image\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/rental-prices-broke-records\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/magazine.realtor\\\/sites\\\/default\\\/files\\\/styles\\\/asset_image_full_content\\\/public\\\/assets\\\/images\\\/7.15.2021_rent_1.png?itok=YTv3mxmU\",\"keywords\":[\"Anthony DiDonato\",\"News\",\"Real Estate\",\"tips\"],\"articleSection\":[\"News\",\"Real Estate Tips\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/rental-prices-broke-records\\\/\",\"url\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/rental-prices-broke-records\\\/\",\"name\":\"Rental Prices Broke Records - 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