After the “big resignation”, the big move? Housing prices jumped 40% in 2021 in Austin, and almost 35% in New York and Miami. On average across the country, rents have climbed 14%, prompting many Americans to move.
“Rent prices have been rising for months, but lately the rise has become faster and more widespread,” forcing many Americans to relocate or even change regions, note it Washington Post.
The daily cites the example of Kiara Age, a single mother of two children. “It has been less than a year since she moved into a three-bedroom apartment in the town of Henderson [en banlieue de Las Vegas], in Nevada. His rent having increased by 23%, to reach the sum of 1,600 dollars [environ 1 435 euros] per month, she is now forced to move again because she cannot make ends meet.”
Sustainable rise
On average nationwide, rents rose 14% in 2021, while in some cities like Austin, Texas they jumped 40%, and nearly 35% in New York and Miami. , reports the Washington Post, which underlines that “The Covid-19 pandemic has exacerbated inequalities in many areas, and housing is no exception”.
And these increases should continue in 2022, underlines the newspaper, since according to the Federal Reserve Bank of New York, the price of rents could still increase by 10% this year in the United States.
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