Americans spent $4.5 trillion on rental costs this decade

Renters in the U.S. spent a cumulative $4.5 trillion on rent during the 2010s, according to a new Zillow analysis. That’s more than the GDP of Germany or the combined market values of Apple, Microsoft, Amazon and Alphabet. In 2019 alone, renters spent more than $512 billion on housing – the most of any year

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U.S. rents rise for the 4th successive month

Rents across the U.S. are rising steadily, according to the October Zillow Real Estate Market Report, which found that the rate of year-over-year appreciation has increased in each of the past four months. The typical rent in the U.S. is now $1,600 per month, an annual increase of 2.3% in October – just off yearly

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