Study: Affordability Crisis Lingers Despite Normalizing Rent Growth

Benzinga

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Study: Affordability Crisis Lingers Despite Normalizing Rent Growth

BOCA RATON, Fla., April 17, 2024 (GLOBE NEWSWIRE) -- Rent growth in the United States has returned back to the typical yearly increase for the most part, though many households are still struggling to afford rents, according to researchers at Florida Atlantic University and two other schools. Nationally, rents rose 3.53 percent year-over-year, in line with the typical rental increase usually seen in a more balanced market, February data from t…