Still Wondering What Lies Ahead In 2016 #ChrisBJohnsonRealtor

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Real Estate Agent with Allison James Elite CA. BRE 01501699

HyperLocal Market Updates    Chris B Johnson, REALTOR®, SFR®, CDPE®, CHS®  Still A SELLER’S Market?

Chris B Johnson, REALTOR® Neighborhood Market Report  Mortgage Pre Approval  Time To Buy A Home

Europe Stocks Fall to 15-Month Low as Oil, Results Stoke Concern.................. 

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Rents Still Skyrocketing | Simplifying The Market

Rents Still Skyrocketing

Zillow recently revealed that the 43 million renter households in the US spent $535 billion on rent in 2015. Aggregate numbers like these often make it difficult to truly assess a situation. For more clarity, we want to share some points that were made in a Wall Street Journal article earlier this month.

 

The article made two important points:

1. Rents are increasing faster than the last several years:

 “Apartment rents increased faster last year than at any time since 2007.”

2. Rent increases are accelerating

“Another report from Axiometrics Inc., a Dallas-based apartment research company, showed that rents increased 4.7% in the fourth quarter compared with the same quarter a year earlier, the strongest year-end performance since 2005”.

Here is a graph to illustrate the rate of increase over the last several years:

Average Effective Rent in the US | Keeping Current Matters

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