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.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
The state-sanctioned urbicide of Austin
People don’t kill cities. Freeways do.
US to reduce Colorado River water deliveries to Mexico
A new Colorado Treaty amendment reduces Mexico’s Colorado River water allocation by 250,000 acre feet.
Mamdani overhauls NYC's Vision Zero plan with 100 new policy goals
The overhaul aims to reduce traffic deaths and make streets safer for pedestrians, cyclists and drivers through lower speed limits, new safety infrastructure and more.
Amtrak not solely to blame for New Jersey commuter rail's unreliability, report finds
A new study from the Garden State Initiative found that NJ Transit’s budget grew 20% across a 4 year period, but reliability declined significantly over the same period.
EPA erases limits on planet-warming pollution from power plants
Under Monday’s plan, power plants would still have some limits on how much mercury, arsenic and other contaminants they can emit.
FREE Course: Walkable City 1: Why Walkability?
After describing his path towards focusing on walkability as the essence of good planning, Jeff Speck marches through his five principal reasons for making more walkable places.
Reinventing Malls: Planning Alchemy—Turning Gray Fields Into Gold
The course focuses on the opportunities and imperatives that shape reinvention of mall sites.
Eagle County Government
Harvard University Graduate School of Design
Nashville Planning Department
The Architects Foundation
University of Cincinnati Online
The Pocatello Development Authority
The Urban Renewal Agency of the City of Pocatello
Journal of the American Planning Association