Areas of patchy fog early. Sunshine and a few afternoon clouds. High 82F. Winds light and variable..
Partly cloudy skies. Low 57F. Winds light and variable.
Updated: August 24, 2022 @ 5:59 am
Newer homes already tend to be more expensive because they have more desirable modern designs, amenities, and materials, so people are willing to pay higher home values and rents to live in these units. A unit built after 2014 sells for more than 15% higher and rents for 13% higher than a home built just a few years prior, from 2010 to 2013. With construction costs increasing, the gap could widen in future years.
Fast-rising home prices and rents nationwide illustrate that supply has failed to keep up wi…
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