Move, Inc., Subsidiary of News Corp, Reports Renters Spending 23.4% of Income on Rent in April

Reuters

05-14

Move, Inc., Subsidiary of <a href="https://laohu8.com/S/NWSAL">News Corp</a>, Reports Renters Spending 23.4% of Income on Rent in April

News Corp's subsidiary, Move, Inc., operates [Realtor.com](http://Realtor.com)®, a platform dedicated to delivering consumer connections and a comprehensive suite of marketing tools to foster business growth. Recent data from Realtor.com highlights a significant shift in the U.S. rental market, with renters spending an average of 23.4% of their incomes on rent in April, which is notably below the traditional 30% affordability rule. This improvement in rental affordability is attributed to a surge in multi-family new construction projects, which have contributed to easing rent rates. Markets such as Miami, New York, Los Angeles, Boston, and San Diego remain the least affordable, while cities like Oklahoma City, Austin, Columbus, Raleigh, and Minneapolis are considered the most affordable for renters. For media inquiries, contact Mallory Micetich at [press@realtor.com](mailto:press@realtor.com).

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. News Corporation published the original content used to generate this news brief via PR Newswire (Ref. ID: LA87260) on May 14, 2025, and is solely responsible for the information contained therein.

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Recent data from Realtor.com highlights a significant shift in the U.S. rental market, with renters spending an average of 23.4% of their incomes on rent in April, which is notably below the traditional 30% affordability rule. This improvement in rental affordability is attributed to a surge in multi-family new construction projects, which have contributed to easing rent rates. Markets such as Miami, New York, Los Angeles, Boston, and San Diego remain the least affordable, while cities like Oklahoma City, Austin, Columbus, Raleigh, and Minneapolis are considered the most affordable for renters. For media inquiries, contact Mallory Micetich at [press@realtor.com](mailto:press@realtor.com).\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. News Corporation published the original content used to generate this news brief via PR Newswire (Ref. 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