Rent Still Going Up? Why?

Call With Questions

September 21, 2022

A recent report by Redfin showed national median rent prices increased by 14% in July 2022 over the previous year. 

Redfin pointed out that rents have increased by 30% in some of the largest markets in the nation. 

Redfin predicts rents will continue to increase in areas where there is strong job growth and limited housing construction. 

The National Realtors Association economist, Lawrence Yun, points out that with rising mortgage rates some homebuyers have stopped looking and are becoming renters. 

Reach out if you have questions about renting your property or looking to rent as it remains competitive. 

You can schedule a time on my calendar on my Website https://www.mikeinboca.com/ or call me directly.


Michael Friedman

Realtor, Broker-Associate

eXp Realty


Visit Mike In Boca Youtube Channel


Real Estate Agents learn more about eXp and my eXp group MikeInBoca.com

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