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Renters face a competitive spring market: What to know about 3 kinds of properties you may see - TL;DR CNBC

Renters face a competitive spring market: What to know about 3 kinds of properties you may see

Publishing timestamp: 2024-03-14 12:14:32


Summary

Asking rent prices in the U.S. jumped to $1959 in February, up 3.5% from a year ago. Vacancy rates vary by city, with some cities having few open apartments. Different types of rental properties, such as condos and co-ops, come with their own particularities and fees. Condos tend to be newer buildings with more amenities, while co-ops have stricter application processes. Traditional rental buildings are more straightforward with application fees and security deposits.


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Keywords: zillow group incunited stateslabor economyinvestment strategybreaking news: investingbusiness newsreal estatepersonal loanspersonnelpersonal financenew york cityhousingnew york

Source: https://www.cnbc.com/2024/03/14/what-to-know-about-renting-a-condo-or-co-op-apartment.html


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