Demand for House Rentals Intensifies

Apartment rents are appreciating less than house rents, thanks to shifting demand for single-family rentals, according to a recent analysis by Zillow. Apartment rents nationally increased a median 0.5 percent, to $1,551, year-over-year—relatively flat—while house rents increased 1.3 percent to $1,404. Several colliding factors are driving the trend, says Dr. Svenja Gudell, chief economist at […]

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Rents Appreciating Faster in Suburbs as Demand Intensifies

Renters up against ballooning costs in sought-after cities have steadily spread outward for rent relief—but now, costs are climbing in areas outside of cities, too. In fact, according to a recently released report by Zillow, rent appreciation is accelerating faster in suburban areas than urban ones, with the median rental cost in suburban areas up […]

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Just In: Renters Can Buy a Home—Without Spending More Money

Rents are so high that the average renter could buy a home worth approximately 50 percent more than the median home value without spending any more money, according to a recent analysis by Zillow. The national median rent, $1,416, is enough to cover the monthly expense (including insurance, maintenance and taxes) of owning a home […]

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Incomes Need to Rise at This Pace to Stay on Track With Rents

Rent raised? You’ll need a raise. According to a new analysis by Zillow, the average renter would need his or her income to grow by $168 to keep up with an expected 1 percent rise in rents over the next year. Many renters, however, would need more—in some cases, much more—to keep costs manageable. Renters […]

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Homes Appreciating at Pre-Bust Pace

Homes have appreciated to pre-bust pace, with values rising at an annual rate of 6.5 percent as of November, according to Zillow’s recently released Real Estate Market Reports, with the Zillow Home Value Index (ZHVI) at a median of $192,500. The pace of growth is the fastest since the 2006 peak of the bubble, when […]

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