News Summary

• That is down 3.5% from its July 2022 peak, but still well above pre-pandemic levels.The median asking rent price is still 22% higher compared to the same time in 2019, underscoring the significant price pressures renters continue to face.FOX Business’ Daniella Genovese contributed to this report..
• Inflation peaked at 9.1% in July 2022, adding further sting to household budgets.The pain of high rental costs is far from over.Data from Realtor.com released this week shows the median price of asking rent ticked down a measly 0.4% year-over-year in December to $1,713..
• If you find yourself struggling to make your rent payment every month, you’re not alone..
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