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Rent-Control Measures Are Back as Home Rents Reach New Highs
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Lawmakers across the U.S. are looking to enact rent control, reviving measures largely shunned in recent years in an effort to curb the surge in home rental prices throughout the country.
These proposals, which would generally allow landlords to boost monthly rents by no more than 2% to 10%, are on the legislative agenda in more than a dozen states. Rental prices are up about 18% on average over the past two years, according to real-estate broker Redfin Corp. , hitting record levels across the U.S.
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