Big Jump in US home rents after the increased Interest rates

In light of the successive hikes in interest rates by the Federal Reserve, in order to calm the economy and contain rapid inflation

mortgage costs increased, and made home purchases out of the reach of many first-time buyers

And lead to doubling the demand and pressure on rental rates

According to The Business Times, new leases in the United States rose 14.1% from the beginning of the year through June

Before the Epidemic, the rate of rising was normal ranges between 2% and 3% annually. 

the increasing rental prices have emerged as a particularly thorny issue for the Federal Reserve

after it has burdened millions of families across America