Despite widespread national asking price rises, rent increases outpaced price increases in 22 of the 25 largest rental markets, according to the Trulia Rent Monitor. Nationally, rents were 5.4-percent higher in June than they were a year ago, and rents increased year-over-year in 24 of the 25 largest rental markets – all except Las Vegas. Furthermore, rent increases accelerated between March and June in most rental markets, with rents in San Francisco rising 14.7 percent year-over-year in June from 10.9 percent in March.I was noting in one of my May's blogs that rents were up 9.4% in San Jose.
Home price rises are not so modest, by the way, locally (- but then, ditto for rent increases).
As always, thanks for reading,
Francis
Current Mortgage rates
