Rent prices in the U.S. vary widely, with coastal cities like San Francisco ($3,830) and New York City ($3,706) having rents nearly double the national average of $1,843. Six of the 10 most expensive rental markets are in California. In contrast, affordable rents are found in Midwest cities like Toledo, Ohio ($1,060), Wichita, Kansas ($1,125), and Fort Wayne, Indiana ($1,160). Coastal locations command...
National Average
The CARES Act, responding to COVID-19, implemented a moratorium on foreclosures and provided forbearance for federally-backed mortgages.Mortgage loans constitute ~70% of total US household debt, surpassing $12T, reflecting the significant role of housing in the economy....