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Reason
Reason
Business
Christian Britschgi

The Pandemic Was a Disaster for Housing Affordability. 2023 Might Be a Little Better.

After a COVID-induced roller coaster ride, the dust is starting to settle America's housing market. In general, the pandemic has been a disaster for housing affordability, although there is some hope that relief will come in the new year.

As of November, nationwide rents have grown 4.7 percent year-to-date according to data culled by Apartment List. In a blog post, the company notes that rents have been falling in the last few months and that year-over-year rent growth will likely come in below 4 percent.

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