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Wages for the typical U.S. worker have surged since the pandemic, but for many Americans those gains are being gobbled up by rising rent. Rents jumped 30.4% nationwide between 2019 and 2023, while ...
The cost of rent and utilities in 2023 rose faster than home values for the first time in a decade, the latest sign that a distorted housing market has pushed more people into renting. That’s ...
In L.A. County ZIP codes farther than three miles of either burn area, the gain was smaller — 2.2%. Rent could be rising for multiple reasons, experts said, but it’s likely climbing faster ...
Inflation’s most stubborn category remained stubborn last month. Housing costs rose 0.4 percent in March and were up 5.7 percent from a year earlier, both unchanged from the month before.
U.S. rents have grown faster than wages for the past 5 years. Rent growth is slower in some places, but much faster in others. We’re looking at you, New York City.
In previous years, rent also rose faster in these areas compared with the rest of the county, but the gap grew post-fires, which experts said indicates the fires are the likely cause.
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