Nadia Balint is a senior creative writer for RENTCafé. She covers news and trends in residential and commercial real estate and their impact on our everyday life, including rental housing, for-sale housing, real estate development, homeownership, market reports, insurance, landlord-tenant laws, personal finance, urban development, economy, sustainability, and social issues. Nadia holds a B.S. in Business Management from Northeastern Illinois University in Chicago. You can connect with Nadia via email.
Nadia’s work and expertise have been quoted by major national and local media outlets, including CNN, CNBC, CBS News, Curbed, The NY Post, The Chicago Tribune, The Denver Post as well as industry publications, such as GlobeSt, Bisnow, Inman News, Multifamily Executive, and The Commercial Real Estate Show. Nadia also wrote for Multi-Housing News, Commercial Property Executive, HubSpot, and more. Prior to entering the real estate industry, Nadia worked in the legal field, where she gained over 10 years of experience in business, corporate, and real estate law.
Apartment construction across the United States is increasingly focused on high-end rentals.
Notably three U.S. areas make up the top 50 ranking: New York City, California and the Boston area.
Over a 10-year period, the number of homeowner families with minor children dropped by 3.6 million in the United States.
Usually associated with the suburbs, single-family rentals have expanded much faster than the multifamily stock in no less than 22 of the 30 largest US cities.
The apartment search website compiled a ranking of the most gentrified zip codes in the U.S., using data from the 2000 Census Survey and the 2016 American Community Survey.
The population in some 22 large U.S. cities has shifted from owner-majority to renter-majority during the “recession decade,” with Toledo, Ohio; Memphis, Tenn. and Tampa, Fla. seeing the most abrupt changes.
Although over 80 percent of the nation’s local markets have recorded year-over-year rent growth in September, stagnating or decreasing prices have been noticed in the largest and most expensive cities in the U.S., where renters have long been waiting for some relief.