Jan 21 2016 14278 1

Jan 21 2016 14278 1

Rents Still Skyrocketing | Simplifying The Market

Rents Still Skyrocketing

   First Time Home Buyers, For Buyers, Housing Market Updates

Zillow recently revealed that 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


 


Andrea Ortega Headshot
Author:
Phone: 480-861-4663
Dated: January 21st 2016
Views: 249
About Andrea: Andrea Ortega has been a licensed Realtor in Arizona since 1996, and has been with American Allstar ...

Property Search








RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

NOT Owning Your Home Can Cost You A Lot Of Money -   Owning a home has great
Top 10 Most Unique Festivals - In the list of the Top 10 Most
Mar 6 2018 14278 1 -  Competition is Coming, Are
Latest Financial News For Mortgage Rates -  Quiet WeekOverview: The

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

American AllStar Realty
6642 E Baseline Rd Ste 101
Mesa, AZ
602-353-7375