ABODO Says Rents are Still Stagnant Going into November
National apartment listing site ABODO recently reported that the median nationwide rent price for one-bedroom units in November was $ 1,113 with two-bedroom units coming in at $ 1357. However, despite the slight increases ABODO says these are both insignificant moves and this trend verifies their claim (that they’ve made for many months) that 2020 rent prices are just not moving. Indeed…
“With COVID-19 still raging across the globe, new lockdowns are being seen in Europe. Whether the U.S. will avoid this plight is unknown, but with the pandemic dominating the news, stimulus plans on hold, oil prices taking another hit and eviction relief waning, the short-term economic situation does not look promising.”
The post ABODO Says Rents are Still Stagnant Going into November appeared first on Real Estate Investing Today.