India  

Rent Prices Continue To Soar in the United States

Video Credit: Wibbitz Top Stories - Duration: 01:30s - Published
Rent Prices Continue To Soar in the United States

Rent Prices Continue To Soar in the United States

Rent Prices Continue To , Soar in the United States.

CNN reports that in April, rent prices in the United States reached new heights, and experts say they will not stop there.

For the month, the median rent in the U.S. was $1,827, up 16.7% from the year prior.

According to a recent report from Realtor.com, average rent prices in the country could be over $2,000 per month by August.

Real estate experts believe the surge in rent prices is due to a lack of supply and increased demand.

Renters are being left with few options but to meet higher rents and, in some cases... , Danielle Hale, chief economist for Realtor.com, via CNN.

... even offer above [the landlord’s] asking price – whether they can afford to or not.

, Danielle Hale, chief economist for Realtor.com, via CNN.

Some cities in the United States have experienced jaw-dropping increases in rent prices.

For example, in Miami, Florida, the median price of a rental is $2,800.

That is a $950 increase from 2021.

Rents are not only maxing out renters’ housing budgets, but are the biggest strain on their overall finances... , Danielle Hale, chief economist for Realtor.com, via CNN.

... even as inflation drives up expenses across the board.

, Danielle Hale, chief economist for Realtor.com, via CNN


You Might Like


💡 newsR Knowledge: Other News Mentions

Florida Florida U.S. state

A Costco Membership Card Is Now Needed to Eat in Its Food Court [Video]

A Costco Membership Card Is Now Needed to Eat in Its Food Court

A Costco Membership Card , Is Now Needed to Eat in Its Food Court. Even though Costco limited food court access to members only in 2020, enforcement of that policy has been lax until now, CBS News reports. . The wholesale store is cracking down to make sure that outsiders can no longer access Costco's $1.50 hot dog combo, among other items. Effective April 8, 2024, an active Costco membership card will be required to purchase items from our food court. , Via a sign seen at a Costco store in Orlando, Florida . You can join today. Please see our membership counter for details, Via a sign seen at a Costco store in Orlando, Florida . Ultimately, Costco doesn't think it's fair for non-members to access perks intended for members. We don't feel it's right that non-members receive the same benefits and pricing as our members, Costco, via statement. Costco made such statements last year when it started requiring photo IDs to be presented with membership cards at self-checkouts. In January, some stores began requiring membership cards to be scanned at store entrances to limit non-member entry and membership sharing. A basic Costco membership is $60 per year. An executive membership, which offers perks such as cash back, costs $120 per year. In 2023, membership fees accounted for 73% of Costco's total profit, CBS News reports.

Credit: Wibbitz Top Stories    Duration: 01:30Published

Joe Exotic Rocking Longer Mullet in New Mug Shot

Joe Exotic is back in mullet mode ... so we see in a new mug shot. Joe, who's been serving 21 years at a federal prison in Oklahoma for putting a hit out on..
TMZ.com
Ron DeSantis Legalizes Social Media Ban for Children [Video]

Ron DeSantis Legalizes Social Media Ban for Children

Ron DeSantis Legalizes , Social Media Ban for Children. The Florida governor signed the bill into law on March 25, 'The Guardian' reports. It takes effect on January 1, 2025. At that time, children under the age of 14 will not be allowed to have social media accounts in Florida. 14- and 15-year-olds will need parental permission to have a presence on social media. State House Speaker Paul Renner issued a statement in support of the new law. A child in their brain development doesn’t have the ability to know that they’re being sucked into these addictive technologies and to see the harm and step away from it, and because of that we have to step in for them, Florida House Speaker Paul Renner, via statement. Renner also said that social media companies will likely "sue the second after this is signed.". But you know what? We’re going to beat them. We’re going to beat them and we’re never, ever going to stop, Florida House Speaker Paul Renner, via statement. Opponents argue that the new legislation is unconstitutional and a government overreach. . This bill goes too far in taking away parents’ rights, Anna Eskamani, Democratic state House representative, via news release. Instead of banning social media access, it would be better to ensure improved parental oversight tools, improved access to data to stop bad actors, , Anna Eskamani, Democratic state House representative, via news release. ... alongside major investments in Florida’s mental health systems and programs, Anna Eskamani, Democratic state House representative, via news release

Credit: Wibbitz Top Stories    Duration: 01:30Published

Drake and Lil Wayne Spotted Rapping Lyrics From Teleprompter On 'Blur' Tour

Lil Wayne gave fans an extra treat by popping up at one of Drake's recent shows, but onlookers in the audience noticed the dynamic duo getting an onstage assist..
TMZ.com

US state bans children under 14 from social media

Children under 14 will be barred from joining social media in Florida from next year.
Sky News

Miami Miami City in Florida

Zverev beats Marozsan to reach Miami semi-finals

Fourth seed Alexander Zverev ends the run of Fabian Marozsan to set up a Miami Open semi-final against Carlos Alcaraz or Grigor Dimitrov.
BBC Sport
Uber-rich Latinos transforming Madrid into the new Miami [Video]

Uber-rich Latinos transforming Madrid into the new Miami

Dozens of families from Mexico, Argentina, Colombia and Venezuela have chosen Madrid as a residential and investment destination, transforming the real estate, cultural and leisure fabric of the Spanish capital.

Credit: euronews (in English)    Duration: 02:14Published

Guess Who This Future Pro Baller Turned Into!

Before this Houston native throwin' up deuces for the camera turned into a professional basketball player, he was just a star and the captain of his high school..
TMZ.com

Sinner continues fine form to reach Miami semis

Australian Open champion Jannik Sinner moves into the Miami semi-finals by ending Czech opponent Tomas Machac's stunning run.
BBC Sport

Related videos from verified sources

Year-Over-Year Home Prices Continue to Surge Across the US [Video]

Year-Over-Year Home Prices Continue to Surge Across the US

Year-Over-Year Home Prices , Continue to Surge , Across the US. In March, home prices in the United States climbed even higher. CNN reports that the surge caused buyers to scramble to lock in..

Credit: Wibbitz Top Stories     Duration: 01:30Published
Martin Shkreli, ‘Pharma Bro,’ Released From Prison [Video]

Martin Shkreli, ‘Pharma Bro,’ Released From Prison

Martin Shkreli, ‘Pharma Bro,’ , Released From Prison. NPR reports Martin Shkreli, the pharmaceutical executive who once raised the price of a life-saving drug by 5,000%, is now out of..

Credit: Wibbitz Top Stories     Duration: 01:31Published
Gas Prices Back on the Rise in the United States [Video]

Gas Prices Back on the Rise in the United States

Gas Prices Back on the Rise , in the United States. CNN reports the price of gasoline in the United States is once again hovering around record highs. According to AAA, the national average gas..

Credit: Wibbitz Top Stories     Duration: 01:30Published