Asking Multifamily Rents Rose 15% in January via GlobeSt

Asking multifamily rents rose a staggering 15% in January nationwide to an average of $1,891, according to new research from Redfin, a jump that reflects the largest annual increase since February 2020. Rents were up 0.7% month over month and 15.2% year over year.

The national median monthly mortgage payment for buyers also climbed 25% year-over-year to $1,595. That’s also the biggest increase Redfin has noted since the firm began tracking such data. Payments are up 3% over December figures.

Read more...Asking Multifamily Rents Rose 15% in January via GlobeSt