Rents Are Up 2.9%

By
Real Estate Agent with Coldwell Banker Burnet

According to CoreLogic’s Feb. 2019 Single-Family Rent Index (SFRI), rents are up 2.9 percent year-over-year.

As with the for-sale market, supply of single-family rentals saw very low levels in February, putting upward pressure on the cost of both for-sale and for-rent homes.  Phoenix had rapid rent increases in February with only 1.9 months of single-family rentals available. On the other hand, Miami, which had the slowest rent increases, had 7.6 months of single-family rentals available. So it is a GREAT time to look at home ownership vs making your landlord's mortage payment! 

Credit: CoreLogic

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
ActiveRain Community

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Ambassador
3,148,952
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

The cost of renting just surpassed owning in Charlotte. I've been getting more calls from millennials than I ever had. They're starting to realize that renting is not as economical as it was in the past.

Apr 19, 2019 12:19 PM #1
Rainmaker
1,825,932
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good afternoon Tim - This is the best time to buy and start having equity.

Apr 22, 2019 11:00 AM #2
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
406,955

Tim L. Ramey

Ask me a question
*
*
*
*
Spam prevention