For the primary time because the begin of the pandemic, rents are down year-over-year in most components of the nation. However many suburban communities, which skilled dramatic hire inflation over the previous couple years, are seeing little aid.
The most recent report from House Record compares pandemic-era hire progress in central cities vs. suburbs, highlighting the affordability problem that persists even because the rental market cools.
Nationwide because the begin of the pandemic, suburban hire progress stays 8 share factors greater than that of core cities. Rents within the Charlotte suburbs are up 36% since final March, whereas in Charlotte correct they’re up simply 25%, giving the Queen Metropolis one of many highest suburban-urban hire progress hole within the nation at 10.5%.