Redfin reports u.s. apartment asking rents post biggest increase in 2.5 years

Seattle--(business wire)-- #housingmarket--the median u.s. asking rent rose 1.7% ($30) year over year to $1,790 in july—the largest increase since january 2023. that's according to a new report from redfin, the real estate brokerage powered by rocket. july marked the second-consecutive year-over-year increase (the median asking rent rose 0.4% in june) following over two years of declining or flat rents. the median asking rent climbed 0.8% on a month-over-month basis in july. “asking rents may be climbing becaus.
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