When Trump’s new rent tax is unveiled, rent experts say it will be the worst in history

Renters across the country are bracing for a steep increase in their rent payments under President Donald Trump’s proposed rent tax, which would raise more than $600 billion over 10 years.The Republican plan, which is being drafted by Trump’s transition team and the Department of Housing and Urban Development, would impose a 5 percent property […]

US rent increases set to accelerate next year

US rents will increase 7.5% next year, the biggest jump since December, as the economy grows faster than anticipated.The Bureau of Labor Statistics said Wednesday that rents for the median rent-controlled apartment increased 6.4% to $1,054, while for owner-occupied units, rents increased 2.4%.The average monthly rent for the second quarter of 2017 was $1.15, up […]