90.9 WBUR - Boston's NPR news station
Top Stories:
PLEDGE NOW
Here and Now with Robin Young and Jeremy Hobson
Public radio's live
midday news program
With sponsorship from
Mathworks - Accelerating the pace of engineering and science
Accelerating the pace
of engineering and science
Wednesday, July 2, 2014

Rent Is On The Rise, In Spite Of Stagnant Income

A woman and child walk down a street in the Fort Greene neighborhood on February 27, 2014. Numerous Brooklyn neighborhoods, which were once considered dangerous and underdeveloped, have gone through transformations in recent years resulting in more affluent newcomers displacing long time residents. (Spencer Platt/Getty Images)

A woman and child walk down a street in the Fort Greene neighborhood on February 27, 2014. Numerous Brooklyn neighborhoods, which were once considered dangerous and underdeveloped, have gone through transformations in recent years resulting in more affluent newcomers displacing long time residents and causing rents to rise. (Spencer Platt/Getty Images)

A new report shows rents are up in cities and metro areas across the country, as demand for apartments continue to exceed supply.

The average monthly apartment rent for the year’s second quarter was $1,099, up from $1,064 at the same time last year. The quarterly report from Reis, the real estate research firm, revealed that this was the 18th consecutive quarter of rent increases.

This comes as median household income remains stagnant. Joe Weisenthal of Business Insider joins Here & Now’s Robin Young to discuss what’s driving these numbers and what we can look forward to in the future.

Guest


Please follow our community rules when engaging in comment discussion on this site.
Robin and Jeremy

Robin Young and Jeremy Hobson host Here & Now, a live two-hour production of NPR and WBUR Boston.

April 27 Comment

‘Tension Rising’ In Nepal, Says Aid Worker

An aid worker with Save the Children estimates that 1 million Nepalese children are in need of help following Saturday's devastating earthquake.

April 27 Comment

Thousands Attend Funeral For Baltimore’s Freddie Gray

The 25-year-old's death has sparked outrage and protests in Baltimore and across the nation.

April 24 2 Comments

Legendary Rock Climber Lynn Hill

She's been pushing boundaries since she started climbing as a teen in the 1970s, a time when there were very few women in the sport.

April 24 4 Comments

Russell Crowe Taps History To Make ‘The Water Diviner’

The Academy Award winner directed and stars in the film, which draws on the diaries of young Australian soldiers.