It's good news for landlords that mortgage applications fell to their lowest level in a year last month because people have to live somewhere and if they can't or won't buy, they'll have to rent.

Here are the nation's 10-most-expensive cities for renters and the average rents. The data is provided by Marcus & Millichap.
  • New York, $2,922
  • San Francisco, $1,904
  • Boston, $1,658
  • San Jose, Calif., $1,612
  • Los Angeles, $1,452
  • San Diego, $1,304
  • Washington, $1,302
  • Miami, $1,080
  • Philadelphia, $1,014
  • Chicago, $1,010

Source: Forbes, Matt Woolsey (01/07/2008)
 
Posted by Denise Wells on 01/23/2008 01:12 PM   Comments (0)  

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Denise Wells

San Diego, CA

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