Rental Rates Increase 12%

More signs that point to a robust housing recovery

 

From DS News

Rental Income Rises 12% Over the Year in September

Rental income of residential properties, which CoreLogic defines as "gross rents for homeowners and renters minus the associated cost of financing and other expenses," rose 12 percent from September last year. Furthermore, "[t]his growth shows no signs of slowing down," according to CoreLogic. The data provider attributes the 12 percent growth to "fundamental shifts in the housing market, driven by a large increase in affordability and rising rents." » Read More

 

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