Top 10 cities for new college grads to start adulting based on rent-to-income ratio, job growth and people in their 20s. Places that make the list include Colorado Springs, Des Moines, Iowa, Spokane, Washington, Phoenix, AZ, Buffalo, NY among others.
https://t.co/eOQdY9idVo
Out today! The latest @zillow Rental Market Report.
We saw another month of steady, nearly-normal rent growth in April: 0.6% MoM -- a welcome reprieve after 3 years of roller coaster swings. More months like this will bring annual growth down further from its present 5.3%.
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Getting into a home is expensive. Most renters apply to at least 2 places, w/ an avg fee of $50 per app. That adds up! We agree w/ HUD: renters should be able to pay 1 fee for multiple apps. @Zillow Rentals allows unlimited apps in a month for a flat fee
https://t.co/w90ifJ40Y2
More bad news if you're single today...
US renters living in a one-bedroom on their own face a yearly "singles tax" of nearly $7,000 on average, per @zillow.
Some locations are even more expensive:
Manhattan $24,000
NYC (5 borough avg.) $19,500
San Francisco $14,000
MARKET REPORT:
🏡 A typical starter home in NYC today is 9% smaller than it was in 2019
📈 Steep increases in mortgage rates and home prices make it harder for buyers to find their first home
Read More: https://t.co/mkLccxMi1Z
Renting is stressful and people are losing sleep trying to find a place to rent.
Get a full night’s sleep with @Zillow's renter profile and these tips ➡ https://t.co/HTaXtJt2LN
NYC renters are getting “squeezed to their limit,” StreetEasy says, with annual jumps of 40% or more on active listings in many Brooklyn and Manhattan neighborhoods https://t.co/9Oax9qTU14
Last week, I asked New Yorkers to tell me about their experiences with rent hikes. The response was overwhelming. Well over 100 renters replied with stories about hikes as high as 100%. New StreetEasy data gives real numbers to their experiences
https://t.co/JYugPktu30
MARKET REPORT
🔑 NYC Renters Might Finally Be Catching a Break
📈 After 18 Months of Rental Inventory Decline, the Number of Available Rentals Is Starting to Increase
Learn More: https://t.co/tJMaPaJ7hI