Tampa Bay rents continue to rise above national average

Rents nationwide are starting to level out, according to a new report from the real estate company Redfin. Still, Tampa Bay residents won’t catch that break as rents continue to rise locally. The national median rent is up just under 2%, which the company said was the smallest increase since May 2021. High housing costs, inflation, recession fears and a slowdown in household formation have made people less likely to move, hindering the demand for new leases. The report shows that rent, while…Original Article