cheaper to own than rent: 10 U.S. Cities With The Steepest Rent Increases (2010)
- 03/23/11 04:22 AM
Home sales data is easing so far in this calendar year. Home resales and new construction have dropped to multi-month lows and, in many cities, home supplies are rising. One housing sector that’s not slowing, however, is rentals. The rental market is booming. As reported by the Wall Street Journal, the average apartment vacancy rate is 6.6% nationwide, down from 8.0% last year. In addition, the number of occupied apartments rose by more during Q4 2010 than during any comparable period of the last 10 years. It’s a major reason why rents are up 2.3%. Some areas, however, fared worse than others. … (1 comments)
Home sales data is easing so far in this calendar year. Home resales and new construction have dropped to multi-month lows and, in many cities, home supplies are rising. One housing sector that’s not slowing, however, is rentals.
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