This is a syndicated repost courtesy of Online Course Notes For Financial Markets and Banking. To view original, click here. Reposted with permission.
According to the apartment rental site Zumper, San Francisco and New York City continue to have the most expensive 1 and 2 bedroom apartments in the US.
What is interesting is that Washington DC has experienced a 15.9% YoY decline in 2-bedroom rents.
Chicago leads the nation in declining 1 and 2 bedroom rents at -14.8% and -15.9% YoY, respectively. There has been plenty of new construction while at the same time, the population has been declining as tax burdens are growing and as the city is very slowly waltzing toward what may become the largest municipal bankruptcy filing in the US.
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