Rents continue to Rise

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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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Comments

Unknown said…
Real estate and vacation rental properties can vary a lot in terms of what kind of amenities and facilities they offer. Several factors such as the location of your asset, its proximity to shopping malls and bus or taxi stands, its accessibility to recreational facilities, etc tend to affect the rental price of your property.

Closing Costs on a House
Thursday, June 21, 2012 8:53:00 PM
Unknown said…
There is a great demand for rental property. It is expected to continue to rise in the coming years too. Unfortunately, rental fees for homes and office space are foreseen to keep rising moving forward. This increase in rent is a result of the rising demand and insufficient supply. Thanks.....

Real Estate Closing Attorney
Thursday, June 21, 2012 9:35:00 PM
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