April 2022 marked the 13th month in a row of record-setting rent increases for single-family homes.

 

               Nationally, single-family rent jumped 14% year-over-year in April (Source: CoreLogic).

 

Here are the cities where rents increased the most –

and the March median priced rent for each:

 

                                                         Miami: 40.8%  ($2,519)

                                                         Orlando: 25.8%  ($1,947)

                                                         Phoenix: 17.8%  ($2,157)

                                                         San Diego: 17.3%  ($3,503)

                                                         Las Vegas: 17%  ($2,089)

 

               Rents continue to be on a meteoric rise, however unlike housing, there’s no sign of a slow-down yet.

 

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                                                        September 17, 2022 Seminar

 

                                                           “How I Stopped Worrying

                                                       and Learned to Love Inflation”