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Rents Are Still Skyrocketing!!!
January 24th, 2016 9:40 AM

Rents Still Skyrocketing

Posted: 20 Jan 2016 04:00 AM PST

Rents Still Skyrocketing | Keeping Current Matters Zillow recently revealedthat the 43 million renter households in the US spent $535 billion on rent in 2015. Aggregate numbers like these often make it difficult to truly assess a situation. For more clarity, we want to share some points that were made in a Wall Street Journal article earlier this month. The article made two important points:

1. Rents are increasing faster than the last several years:

 “Apartment rents increased faster last year than at any time since 2007.”

2. Rent increases are accelerating

“Another report from Axiometrics Inc., a Dallas-based apartment research company, showed that rents increased 4.7% in the fourth quarter compared with the same quarter a year earlier, the strongest year-end performance since 2005”.
Here is a graph to illustrate the rate of increase over the last several years:Average Effective Rent in the US | Keeping Current Matters

Posted in:General
Posted by Cheryl Talbot ABR,GRI,e-PRO,MRP,SFR on January 24th, 2016 9:40 AMPost a Comment

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