Rents continue to Rise

From DS News


Zillow: Home Values Mixed, Rent Continues to Climb

Home values rose in May month-over-month, marking the third consecutive month of increases, but fell on a yearly basis, according to Zillow's Real Estate Market Reports. Prices moved upwards by 0.5 percent from the month before in April to $148,100, but home values continued their downward fall on a yearly basis, dropping 0.9 percent from May 2011. The upside to the yearly decline is it's the smallest year-over-year drop since October 2007, according to the Zillow's Home Value Index. Rent prices also hiked up month-over-month in May by 1.8 percent and year-over-year by 4.6 percent. » Read More



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