In a recent report, Redfin revealed that only 39% of renters can afford a median-priced apartment in the current housing market. The median apartment asking rent of $1,653 in May fell $47 short of its all-time high, indicating a challenging environment for renters.
Key Points:
– Redfin report highlights affordability issues for renters
– Median apartment rent in May slightly lower than record high
– Only 39% of renters can afford median-priced apartment
– Challenging market conditions for renters persist
– Experts underscore the need for affordable housing solutions
For more information, you can read the full article on the Weekly Real Estate News website.
You can read this full article at: https://wrenews.com/redfin-only-39-of-renters-can-afford-a-median-priced-apartment/
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