After showing signs of stagnation toward the end of 2022, the asking rents for single-family homes appears to be on an upward trajectory once again.
The median asking rent for three-bedroom single-family rentals surged to $1,848, up $128, or 7.4%, from December 2022 to January 2023, according to an analysis by Dwellsy.
Rising U.S. consumer sentiment, which improved to a 13-month high in February, combined with would-be homebuyers opting to rent due to high mortgage rates, could explain renters' willingness to shell out ...
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