Apartment rents continue to climb in states across the U.S. — except one.
Even as the rent climbed nationwide in July compared with a year ago, the average cost of a pad in Idaho fell 19%, according to. The Gem State was one of the hottest housing markets during the height of the coronavirus pandemic, as thousands of Americans fled crowded cities and Idaho added housing to absorb new residents.
But the state's rental market is now starting to cool, and"it feels like it's slowing down more than the nation," said Zillow chief economist Skylar Olsen."It's slowing down because it got so much more aggressive in the beginning." Cities in Idaho like Boise emerged as a go-to destination during the pandemic once employers began offering work-from-home arrangements and workers along the West Coast sought cheaper housing.fiercest inflation in decades
, residents in a handful of individual cities are also catching a break. The average cost of a one-bedroom apartment fell in July in Anaheim, California; Baltimore, Maryland; Fort Lauderdale, Florida; Glendale, Arizona; and St. Louis, Missouri. Nationally, rents have soared nearly 40% for both one- and two-bedroom units, Rent.com said. Some parts of the U.S. are experiencing the
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
UK hits double-digit inflation for the first time in 40 yearsThe United Kingdom sees double-digit inflation for the first time in decades, but have the country's woes just begun? (Reporting via JoeNakamoto)
Read more »
Disastrous megaflood could sink much of Bay Area underwater in 30 to 40 years, experts sayResidents in low-lying cities along the bayshore, San Francisco and Oakland airports, and freeways would be flooded as mega storms dump rain for three to four weeks, not days, as a result of climate change.
Read more »
Bed Bath & Beyond Stock Forecast: BBBY soars 40% on Ryan Cohen out-of-the-money calls$BBBY shares are up more than 40% on Wednesday's premarket. BedBathBeyond stock has gained 300% in past month. GameStop chairman ryancohen purchased 16,000 call contracts by claymarkets stocks trading
Read more »
Bed Bath & Beyond Stock Forecast: BBBY soars 40% on Ryan Cohen out-of-the-money callsBed Bath & Beyond (BBBY) stock is up 31% at $27.22 in Wednesday's premarket a day after it was disclosed that major investor Ryan Cohen had purchased
Read more »
40-year-old man shot outside Red Line CTA station dies 3 days laterA 40-year-old man died days after he was wounded in an Englewood shooting near the Red Line station at 15 W. 69th St.
Read more »