Rents fall nearly 3% in Raleigh; 2 Bedroom was $1,694 (July '22) now avg. $1,558 (June '23) скачать в хорошем качестве

Rents fall nearly 3% in Raleigh; 2 Bedroom was $1,694 (July '22) now avg. $1,558 (June '23)

Renters are breathing a sigh of relief in Raleigh. A new report shows monthly charges dropped 3% from near-record highs. WRAL's Ken Smith speaks with a local realtor about what this could signal for the future. Renters in Raleigh are finally seeing some relief in prices with monthly charges declining almost 3% from near record highs, says a new report from Realtor.com. And lower rents are likely on the way. The decline marks a “sea-change” from double-digit surges in the wake of the COVID pandemic, Realtors.com says. Prices for rentals up to two bedrooms in the capital city declined 2.9% to $1,558 from May 2022, when rents were approaching their post-2019 pandemic high, the realtors group said. (Durham is not included in the report.) Rents peaked nationally in July 2022 at nearly $1,780 with Raleigh rents at $1,694 – a 13.3% surge year over year according to Realtors.com data. However, the report noted that rents are still nearly 25% higher than before the pandemic. Nationally, rents also were down but only 0.5% across the nation’s largest 50 metros to $1,739, based on Realtor.com data. “In May, we saw the first year-over-year decline in rents, a sea-change from the double-digit growth that renters contended with in much of 2021 and 2022. This is yet another sign that rental-driven inflation is likely behind us, even though we may not see this trend in official measures until next year,” said Realtor.com Chief Economist Danielle Hale in a statement. “Although still modest, a decline in rents combined with cooling inflation and a still-strong job market is definitely welcome news for households.” More declines may be coming, too. “Looking forward, we expect to see a continued, albeit small, year-over-year decline in rental prices throughout the remainder of the year,” Hale said. Renters may find themselves with more bargaining power and may have better luck finding an affordable unit this year.” Subscribe to WRAL:    / wral5   Follow WRAL: Facebook:   / wraltv   Twitter:   / wral   IG:   / wral   About WRAL-TV: WRAL is your Raleigh, North Carolina news source. Check out our videos for the latest news in Raleigh, local sports, Raleigh weather, and more at https://WRAL.com #localnews #northcarolina #rent