Rents are resetting to pre-pandemic projections around the United States. Cities like San Francisco and New York are lagging behind, however.
Marie Patino shares news of new research published by real estate aggregator Apartment List that measures the difference between pre-pandemic projected rents and current rents. One key takeaway: rents in San Francisco have the largest distinction between pre-pandemic projections and current realities—a difference of 16.1 percent.
The difference in San Francisco has still shrunk compared to the 35 percent decline in rent prices in December, when rents had declined by 35 percent year over year, matching a trend of climbing rental prices around the country. However, according to the data, prices are recovering to pre-pandemic projections slowest in large cities, like New York; Washington, D.C.; Boston; and Seattle. "Nationwide though, the trend looks different: The gap between actual and projected prices closed for the first time in May," explains Patino.
Infographics and more insight can be found in the source article.
FULL STORY: Rent Catches Up to Pre-Pandemic Estimates, Except in Big Cities
Miami Housing More Expensive Than New York City, Report Says
New data shows stratospheric housing costs in cities not named New York.
U.S. Housing Prices Continue Record-Breaking Pace
July marked four straight months of record-breaking increases for housing prices nationwide, according to the latest housing market data.
First Steps Toward Rent Control in Minneapolis
The state of Minnesota requires local rent control law to be approved by general election, so the city of Minneapolis is forced to take several preemptory steps to get a rent stabilization ordinance on the ballot.
Trump Administration Could Effectively End Housing Voucher Program
Federal officials are eyeing major cuts to the Section 8 program that helps millions of low-income households pay rent.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
Canada vs. Kamala: Whose Liberal Housing Platform Comes Out on Top?
As Canada votes for a new Prime Minister, what can America learn from the leading liberal candidate of its neighbor to the north?
Washington State’s Parking Reform Law Could Unlock ‘Countless’ Acres for New Housing
A law that limits how much parking cities can require for residential amd commercial developments could lead to a construction boom.
Wildlife Rebounds After the Eaton Fire
Following the devastation of the Eaton Fire, the return of wildlife and the regrowth of native plants are offering powerful signs of resilience and renewal.
LA to Replace Inglewood Light Rail Project With Bus Shuttles
LA Metro says the change is in response to community engagement and that the new design will be ready before the 2028 Olympic Games.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
Central Transportation Planning Staff/Boston Region MPO
Heyer Gruel & Associates PA
Institute for Housing and Urban Development Studies (IHS)
City of Grandview
Harvard GSD Executive Education
Regional Transportation Commission of Southern Nevada
Toledo-Lucas County Plan Commissions