A new report from Redfin shows that nationally listed rents for available apartments rose 15% from a year ago. And the median listed rent for an available apartment rose above #2,000 a month for the first time. However, rents are up more than 30% in Austin, Seattle, and Cincinnati. In Los Angeles the median asking rent is $3,400. Even in formerly affordable ities such as Nashville it's now $2,140, up 32% from last year. To buy a home the prices are so inflated that it is risky not knowing what the market will do and if a bubble should burst and drive prices down. Which has started in some markets. So we have a problem in the housing market and inflation is affecting our financial lives.
Real estate article: https://flip.it/iXFL8d
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