What can we expect for 2023?

After a year of 17.6% rent increases in 2021, American renters saw rental rates begin to slow in 2022. According to realtor.com: Rents are still higher than they were a year ago, but the gains are shrinking, as landlords lose pricing power in the face of inflation. Rents in October, 2022, rose 4.7% compared with October 2021, the slowest annual …

First & Foremost

Hello from Diane and welcome to PorchLight’s new 5 minuteish communications that hopefully leaves you informed and inspired. As the industry leader in everything rental for decades, we wanted to move forward with info that educates and motivates us all to do better and be better. Or the very least, makes you smile. Let’s get started.   Diane Ayres, President, …

THE STRUGGLE IS REAL…but we can help.

2022 Relocation Question: What’s the minimum for a 2-bed rental, and the probability of a one-bed under $5000? 2022 PorchLight Rental Answer: Two beds under $6500 a challenge; one bed we can find lower than 5k. After falling to record lows during the peak of the Covid pandemic, New York City June rents have flipflopped – now reaching record highs, …