Rent prices increasing faster than home prices

Doesn’t surprise me any.

 

From DS News

 

Rent Prices Continue to Rise Faster than Asking Prices

Rent prices are climbing faster than asking prices and are rising in metros where asking prices are falling, according to a report from Trulia. Year-over-year, nationwide rent prices were up 5.1 percent in October, while asking prices were up 2.9 percent during the same period when including foreclosures. Chicago, which saw a 5.3 percent yearly dip in asking prices in October, still experienced a 7.7 percent gain in rent prices during the same one-year period. » Read More

 

 

- sunil

 

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