This is a Manhattan news story, published by USA Today, that relates primarily to COVID-19 news.
For more Manhattan news, you can click here:
more Manhattan newsFor more real estate & housing news, you can click here:
more real estate & housing newsFor more news from USA Today, you can click here:
more news from USA TodayOtherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best business news, entertainment news, world news, and much more. If you like real estate & housing news, you might also like this article about
Housing market experts. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest much housing costs news, affordable housing news, real estate & housing news, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!
rental marketUSA Today
•Business
Business & Economics
82% Informative
Rents remain far above pre-COVID levels, but for millions of renters, the typical rent still remains dramatically higher than it was before the COVID-19 pandemic began.
In May , Manhattan , Kansas , led other metros as the fastest-growing market in rental prices.
Housing market experts say that the rental market might have settled on a new baseline, meaning prices might not go back down to what they were in 2019 .
Rental prices in Austin are down 6.4% compared with a year ago .
Housing inflation has dropped from its peak of over 8% in early 2023 , but costs have not fallen as quickly as overall inflation.
Labor Department : Rent inflation was at 3.8% in May , the smallest annual increase since January 2022 .
VR Score
86
Informative language
86
Neutral language
43
Article tone
formal
Language
English
Language complexity
48
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
4
Source diversity
4
Affiliate links
no affiliate links
