The median asking rent in the 50 largest metro areas was 0.5% lower than a year ago, the Realtor.com report said.
In a welcome if slight change after years of soaring prices, rents this year have declined across much of the Bay Area and beyond.
Nationally, median rents were 0.5% lower compared to a year ago, the report showed — marking the first year-over-year decline for units, from studios to two bedrooms — in the U.S. rental market since the company began tracking data before the pandemic in 2019. On a $2,000 apartment, that would be a $10 monthly reduction.
And the Bay Area still remains one of the priciest markets in the country. The San Jose region registered the highest median rent in May out of all 50 metros the report tracked. According to a new national rentfor June from rental platform Zumper, San Jose is the sixth most expensive city in the country for a one-bedroom unit.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Bay Area heats up with scorching temperaturesTemperatures will likely streak past 100 degrees in parts of the Bay Area on Saturday, which will be the hottest day of the July 4th holiday weekend.
Consulte Mais informação »
Sweltering temperatures scorch Bay Area, gradual cool down expected through Fourth of July weekendTemperatures Saturday afternoon hit 106 in Livermore, 93 in San Jose and 77 in Oakland.
Consulte Mais informação »
Bay Area residents try to beat the heat as some cities hit triple digitsThe National Weather Service forecast Saturday for the Bay Area is for hot weather throughout most of the region.
Consulte Mais informação »
Bay Area’s biggest state park promises serenity with no crowdsHenry W. Coe State Park, the Bay Area’s biggest state park, clocks in at an astonishing 87,000 acres yet remains far less crowded than its contemporaries.
Consulte Mais informação »
Another scorcher in the Bay Area, heat advisory remained in effectA heat advisory remained in effect in the Bay Area on Sunday. Some inland locations were set to see another round of triple digit temperatures ahead of the Fourth of July holiday before heading into a significant cool-down next week.
Consulte Mais informação »
Another scorcher in the Bay Area, heat advisory remains in effectA heat advisory remained in effect in the Bay Area on Sunday. Some inland locations were set to see another round of triple digit temperatures ahead of the Fourth of July holiday before heading into a significant cool-down next week.
Consulte Mais informação »