Apartment rents climbing, and poised to go higher
It’s a great time to be a landlord in America, not so much if you’re a renter.Apartment rents are continuing to rise this year, fueled by higher demand from millennials looking for a place of their own, strong job growth and rising wages.The U.S. median rent climbed 3.4 percent in March from a year earlier to $1,535, according to data from online rental housing portal HotPads.While apartment construction surged in the years after the housing bust, it hasn’t kept up […]
