"Yes, incomes are going up, but people didn’t just wake up and all of a sudden find $500 more bucks a month to pay for housing overnight in the last three to five months,” said Andy Zhu, director of business development at Pentagon Holdings.
May 26, 2022 at 03:38 PM
3 minute read
Florida Bureau Chief
Rent pricing in the country is rising four times faster than the average American’s income, according to 2022 data by Real Estate Witch, a service that provides research and insights about the real estate industry.
The report says rent prices in the U.S. increased 149% from 1985 to 2020, while income only grew 35% in the same timeframe.
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