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.

March 27 Comment

Using Poetry To Expose The Power Of Money, Class And Gender

Alissa Quart's first book of poetry is both personal and universal - inspired by work and research she has done as a journalist.

March 27 11 Comments

Yale Is Starting A VHS Archive And It’s Full Of Horror Movies

"Silent Night, Deadly Night," "Stripped to Kill" and "The Last Slumber Party" – all from the 80s – are a few of the titles.

March 26 3 Comments

Noah Baumbach On Middle Age And ‘While We’re Young’

In the writer-director's new film, Ben Stiller and Naomi Watts' characters befriend a younger, free-spirited couple.

March 26 Comment

How March Became Mad

The NCAA men's tournament started in 1939 but it was decades before it became the extravaganza it is today.