WTOP wtop.com 13 Sep, 2021 18:00 am

DC rents are rising for ‘lifestyle renters’

DC rents are rising for ‘lifestyle renters’
Rapidly rising home prices are being eclipsed now by rapidly rising rents. And it’s happening in D.C. too.

Rental market data company Yardi Matrix reports nationwide, apartment rents across all classes in August were up more than 10% from a year earlier, the largest leap it has ever recorded and besting the previous record set in July by 4%.They could afford to buy, but they choose to rent instead,” said Doug Ressler, senior research officer at Yardi Matrix.metro are up close to 5% from a year ago, according to Yardi Matrix data.Yardi Matrix has just published its August 2021 National Multifamily report online.

Following NAPA study, OPM details broad plans to chart new course for the agency Updated: New executive order requires vaccines for all federal employees, contractors A Tuesday like no other: An oral history of 9/11 through the eyes of federal employees The federal employee vaccination mandate has launched fresh arguments in CongressThe other broad class of apartment assets is “renter-by-necessity,” or those that are renting because they cannot afford to buy.

Read full story at wtop.com