HotPads Q1 2019 Rent Report  Rents Are on the Rise to Start 2019   HotPads Blog

EXCERPT: “The first quarter of 2019 was chaotic thanks to the government shutdown, several major snowstorms and a bomb cyclone. Despite the recent tumult, rents across the country are up and have continued to rise after last year’s slowdown ran out of juice. The typical rent in the United States is currently $1,530, up 3.1 percent from last year. After years of strong growth following the economic recovery, renters got some relief last year as rent growth slowed from its peak in summer 2016. It now appears that 2019 might play out differently thanks to accelerating growth over the past few winter months, which typically see less rental activity and subdued growth. The growth we see now should stick around through the summer renting season, when more shoppers typically help push up prices.” FULLSTORY: