Adam Constantine on MLK Jr.’s impact on housing equality

During the interview, Constantine explains why the industry needs to focus on evoking intentional change rather than launching lackluster initiatives.

Navigating capacity concerns amidst record-high volumes

High loan volumes continues to loom large in the new year, making the “one-stop-shop” approach to the servicing and lending process even more appealing.

Amid record-high origination volumes, mortgage fraud risk is down

CoreLogic's recently released Mortgage Fraud Report is the industry standard for nationwide fraud monitoring and analysis. Read the findings here.

How student loan debt impact homeownership

Student loan expert Catalina Kaiyoorawongs shares her practical and tangible advice for people who feel overwhelmed by their student loan debt.

Real Estate

Prices heat up in the nation’s hottest rental markets

Rent prices for one-bedroom and two-bedroom units rise by 0.3% in February

In February, the rental prices for one-bedroom and two-bedroom units both increased from the previous month, rising by 0.3% and 0.7%, respectively, according to Zumper’s National Rent Report. It now costs renters a median of $1,220 and $1,464 to rent average one-bedroom and two-bedroom units.

“The top 10 markets saw a mixture of growth rates in this report. New York City and Washington D.C. were both on upward year-over-year trends: New York City one-bedroom rent was up nearly 8%, while D.C. two-bedroom rent was up over 15%,” Zumper writes. “On the flip side, cities that had rents down on all fronts, both on a monthly and year over year basis, included Seattle and San Diego.”

The nation’s top three rental markets including San Francisco, New York and Boston, all experienced notable changes in rental prices from the previous month.

In San Francisco, renters saw their one-bedroom rental prices rise by 0.6% to $3,520, increasing from the previous month’s record, while two-bedroom units inched forward 1.1% to $4,500.

Although rent in New York city didn’t budge month-over-month for both one-bedroom and two-bedroom units, rent in the city is up nearly 8% from last year.  

Meanwhile, Boston renters with a one-bedroom unit experienced the largest monthly decline out of all of the nation’s top rental markets, as prices dropped by 3.5% to $2,500. Two-bedroom units also experienced a decline, falling by 1% to $2,900.

The chart below displays the 25 most expensive rental markets and how they moved in September, according to Zumper.

A screenshot of a cell phone

Description automatically generated

NOTE: The Zumper National Rent Report analyzes rental data from over 1 million active listings across the country. Data is aggregated on a monthly basis to calculate median asking rents for the top 100 metro areas by population.

Most Popular Articles

Prepare for the rise in mortgage rates

Economists offer their takes on how high mortgage rates will climb, how lenders will respond and what impact this will have on the housing market. HW+ Premium Content

Jan 18, 2021 By

Latest Articles

2020 ends with 3.4 million loans in delinquency

The final delinquency tally for December is in, with data revealing that by end of 2020, 1.54 million more mortgages were reported delinquent.

Jan 22, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please